CoinDCX on Tuesday became India’s first cryptocurrency unicorn after the exchange raised $90 million from investors led by Facebook Inc. co-founder Eduardo Saverin’s B Capital Group. The road to success for the founders Neeraj Khandelwal and Sumit Gupta of CoinDCX was not easy. In 2018, IITians Sumit Gupta and Neeraj Khandelwal started their cryptocurrency journey from a modest flat in Mumbai and endured a hard time paying the rent for the same. The latest funding round values the firm at $1.1 billion, Chief Executive Officer and co-founder Sumit Gupta said in an interview Tuesday. The four biggest crypto exchanges in India saw daily trading jump to $159 million from $28.6 million a year ago, according to CoinGecko.

Source: Mint August 11, 2021 08:26 UTC