CoinDCX, a crypto exchange Unicorn has raised more than $135M (INR 1,000 Cr) in a Series D funding round. The startup aims to introduce several products and features for Indian investors, along with investing in the platform itself for better safety and robustness.
In their statement the company revealed that it will commence an Innovation Centre to augment web3 and blockchain adoption in India. CoinDCX has already launched several educational initiatives and campaigns, collaborating with universities, along side the DCX Learn platform.
Founded in 2018 by Sumit Gupta and Neeraj Khandelwal, it claims to have more than 3.5 Mn users. It operates CoinDCX Go, a crypto investment app, a professional trading platform called CoinDCX Pro and DCX Learn mentioned above, a crypto-centric investor education platform.
CoinDCX readies to launch new innovative products for Indian Investors

The Unicorn will launch several products and features for Indian investors, along with investing in the platform itself for better safety and robustness.
On the compliance front, the startup said that it recently partnered with crypto-native trade surveillance and market integrity leaders such as Solidus Labs and Coinfirm, to strengthen its anti-money laundering protection, and to provide precise and holistic detection and reporting of suspicious activities.
Led by Pantera and Steadview, the round also saw participation from investors such as Kingsway, DraperDragon, Republic, and Kindred. Along with these, existing investors such as B Capital Group, Coinbase, Polychain, and Cadenza have increased their investments in CoinDCX.
With this fundraise, the crypto player has seen its valuation jump to $2.15 Bn, becoming the highest-valued crypto startup in the country.
Furthermore, it has said that it will continue to keep its focus on education, innovation, and compliance with the incoming funds.