Just last month, CoinSwitch Kuber became India’s largest crypto-trading platform as it crossed the 10 million users milestone. Today, it announced that it has closed a $260+ million Series C funding round from Andreessen Horowitz (a16z), Coinbase Ventures and existing investors Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global, making CoinSwitch Kuber the second unicorn in India’s cryptocurrency scene, and also the most valuable one, valued at $1.9 billion.

CoinSwitch Kuber was founded in 2017 as an aggregator of cryptocurrency exchanges by Ashish Singhal, who has previously worked at Amazon and Microsoft, and is the CEO of the company. Govind Soni and Vimal Sagar are co-founders and hold the CTO and COO positions, respectively.

CoinSwitch Kuber has already set the plans in motion on how to best utilize the funds.

Onboarding 50 million Indians on the CoinSwitch Kuber platform and introduction of new crypto products

  • Hire experts in Engineering, Product, Data and Growth, in leadership positions

  • Add new asset classes, including non-crypto ones

  • Onboarding institutional clients a unique product that serves their end-to-end requirements

  • Launch an Ecosystem Fund to identify and enable budding talent in the crypto space

  • Provide holistic crypto education to investors