How much is coinswitch Kuber worth?

With the recent funding received from Andreessen Horowitz and Coinbase Ventures in October 2021, CoinSwitch Kuber reached Unicorn status with a valuation of $1.9 billion. CoinSwitch Kuber boasts of witnessing the highest number of downloads among the crypto startups in India in 2021 when it was downloaded more than 6.1 mn times.

Is coinswitch Kuber India's 2nd crypto Unicorn?

Crypto currency. CoinSwitch Kuber is India’s 2nd crypto unicorn Notwithstanding the regulatory uncertainty over the legality of cryptocurrencies, India now has two crypto unicorns. On Wednesday, CoinSwitch Kuber announced raising over $260 million in Series C funding round from a clutch of investors, valuing the company at $1.9 billion.

Why did Coinbase Ventures invest in coinswitch Kuber?

Coinbase Ventures’ investment is also testimony to the confidence they have in CoinSwitch Kuber’s business model and the tremendous potential India’s crypto space has to offer,” said Singhal. Singhal said the startup will deploy the fresh capital to add more asset classes for investment on its app.

Will new investments help coinswitch Kuber's Singhal scale up?

CoinSwitch Kuber’s Singhal is hoping that the fresh investments would help him scale up. “Our average user age is about 25 years and we are adding 1-2 million users to CoinSwitch Kuber every month, of which 60 per cent are new users.