Hedge Funds

Indian Exchange Coinswitch Kuber Gains $25M From Us Hedge Fund

by uk.news.yahoo.com posted 5months ago 34 views
The Indian cryptocurrency exchange platform CoinSwitch Kuber has announced their latest good fortune. Namely, securing $25 million worth of backing from U.S. hedge fund Tiger Global. In a tweet posted on Thursday, the exchange revealed that this backing now makes them the largest crypto exchange in India. The funding came as part of their Series B round. Reports indicate that CoinSwitch is currently valued at or around $500 million. A valuation that company co-founder Vimal Sagar Tiwari backed up in a tweet of his own. It is the latest in a series of positive milestones that the exchange has achieved.

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