Andreessen Horowitz (a16z), one of the most influential venture capital firms is reportedly in advance talked with an Indian crypto exchange Coinswitch Kuber to close a $100-$200 million funding round. According to the sources, if the estimated funding goals are reached, the Indian crypto exchange could see a four-fold increase in its valuation from the last funding round in April reaching $2 billion.
Coinswitch has onboarded a total of 10 million users in a short period of time. The existing investors in the exchange including Tiger Global Management, Sequoia Capital India, and Ribbit Capital are quite optimistic about the exchange’s future and user growth. Coinswitch’s funding deal comes just a month after another Indian crypto exchange CoinDCX entered the crypto unicorn club with a $90 million Series C fundraise giving it a $1.2 billion valuation.
a16z is one of the most reputed venture capital firms and manages over $18 billion in various funds. The interest of mainstream Wall
Źródło: https://coingape.com/indian-crypto-exchange-eyes-2-billion-valuation-with-a16z-backing/
