Coinbase Ventures was among the investors in a series C round valuing the digital currency exchange at just over $1.9bn.

India-based cryptocurrency exchange operator Coinswitch Kuber secured $260m today in a series C round co-led by fellow crypto exchange Coinbase through its corporate venturing unit, Coinbase Ventures.

Andreessen Horowitz co-led the round, which included Sequoia Capital India, Ribbit Capital, Paradigm and Tiger Global Management. With a valuation of $1.91bn, the round ostensibly makes Coinswitch Kuber the highest valued crypto-focused company in India.

Founded in 2017, Coinswitch Kuber providers an online platform where users can buy and sell cryptocurrencies. It has…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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