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Tuesday, December 24, 2024 | 11:52 PM ISTEN Hindi

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Tiger Global makes its first India cryptocurrency firm investment

Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million

bitcoin, cryptocurrency, digital
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Illustration: Ajay Mohanty

Peerzada Abrar Bengaluru
CoinSwitch Kuber, an Indian cryptocurrency investment platform, has raised $25 million (Rs 181 crore) in a Series B round of funding from Tiger Global Management, at a valuation of over $500 million.
 
This marks the New York-based Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest-funded cryptocurrency player in India. It sets CoinSwitch on the growth trajectory of global cryptocurrency platforms like Coinbase and Binance in the Indian market.
 
“This is a monumental time for the crypto industry in India and globally, as institutional adoption, as well as retail adoption for this

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