The round also saw participation from the company’s existing investor Sequoia Capital India and prominent angel investor CRED’s Kunal Shah. CoinSwitch is the worldwide aggregator of cryptocurrency exchanges, providing users with the most competitive rates in the market. CoinSwitch Kuber is founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, who were college friends and have worked at Amazon, Microsoft, and Zynga respectively. We promise we won’t spam. In a bid to increase its footprint amongst 12 million iPhone users in India, CoinSwitch Kuber is set to launch its iOS app in the first week of December. The company launched its India exclusive crypto platform, “We are thrilled to have the world’s most focused fin-tech and crypto investors, Ribbit and Paradigm join us as partners in our journey to make cryptocurrency investments accessible to retail investors in India. Having given the background, CoinSwitch Kuber has raised USD 15 million funding in its latest Series A round which was reportedly led by global Venture Capital firm, Ribbit Capital. In June 2020, the startup launched its own crypto platform CoinSwitch Kuber to simplify crypto investments for Indian retail investors. Last June, it launched India-specific crypto trading platform CoinSwitch Kuber. The fund has also invested in some of India’s leading startups such as BharatPe, Capital Float, Cred, epifi, Groww, Moneyview, Razorpay, and Zest. Existing investors Sequoia Capital India and angel investor and CRED founder Kunal Shah also participated in the round. Developer of a decentralized cryptocurrency exchange aggregator platform intended to serve investors. CoinSwitch is able to offer over 300 coins and 45,000 currency pairs through its global aggregation and partnerships. The firm invests in crypto-assets and businesses from the earliest stages of idea formation through maturity. This is the same team that launched the global cryptocurrency aggregator platform, CoinSwitch in 2017. We are seeing a lot of first-time users coming to CoinSwitch Kuber and investing in crypto,” Ashish Singhal, CEO and Co-founder of CoinSwitch, tells YourStory. This is the same team that launched the global cryptocurrency aggregator platform, CoinSwitch in 2017. in its Series A funding. B.Tech in Computer Science and Engineering from JIIT. With a razor-sharp focus on customer experience, Kuber aims to simplify cryptocurrency investments for retail users in India. The investment round also saw CRED founder Kunal Shah and Sequoia Capital participating. CoinSwitch Kuber is a secure, user-friendly platform for users in India, where they can buy 100+ cryptocurrencies like Bitcoin, Ethereum, Ripple, etc easily, at the best rate, with a variety of payment options being offered. 109 Cr.) CoinSwitch was founded in 2017 as a global aggregator of crypto exchanges. The company will use the funds to enhance product, security, compliance, and tech capabilities, and build a formidable brand with a view to be the leading cryptocurrency investment platform for Indian users. Cryptocurrency investment platform CoinSwitch Kuber, which was launched less than a year ago, witnessed a 350% growth in user base since January this year, touching 3.5 million users. The cryptocurrency platform’s userbase has been […] We backed the team not only because of their track record of product and technology innovation but also because of their resolute commitment to serving their customers.”. The company's platform simplifies cryptocurrency trading and permits users to trade over a number of cryptocurrencies, along with an ability to buy cryptocurrency with a credit card at the best price, thereby enabling users to convert coins without having to transfer to another exchange. Ashish and the CoinSwitch team have shown tremendous resilience and strong execution in a challenging market, giving us confidence in their potential to build a market leader in the years to come.”. CoinSwitch Kuber raised the capital in its Series A funding that was led by Ribbit Capital and Paradigm. Your email address will not be published. It provides the best rates to its users by aggregating liquidity from top Indian and global crypto exchanges and supports 100s of cryptocurrencies for users to buy and sell using Indian rupees. Kuber is a product developed exclusively with the retail investor in mind. Select the crypto asset to trade; Hit Buy or sell button Commenting on the latest funding, Ashish Singhal, Co-founder & CEO, CoinSwitch Kuber, said, “We aim to double down on the Indian market, and are targeting ten times growth in … CoinSwitch’s latest funding comes at a time when the Indian market is witnessing an unprecedented growth in cryptocurrency trading and investments. CoinSwitch Kuber raises $15 mn from Ribbit, CRED Founder. Ashish Singhal, CEO and Co-Founder CoinSwitch Kuber, said the age group between 18 […] Ashish Singhal, CEO and Co-Founder, CoinSwitch Kuber said that they are delighted to have on board Ribbit Capital and Paradigm as the partners in the journey of CoinSwitch Kuber. All rights reserved. The company launched its India exclusive crypto platform, CoinSwitch Kuber in June 2020 to simplify crypto investments for Indian retail investors. While the crypto landscape in India remains nascent, it has been an exciting past 12 months and over time we believe India could be one of the largest global crypto markets. CoinSwitch offers 300 coins and 45,000 currency pairs via its global aggregation platform and partnerships. Ashish claims that CoinSwitch Ku… About CoinSwitch Kuber CoinSwitch Kuber aims to remove the intricacies associated with crypto and instead create a user-friendly platform, in the form of a mobile application. Bengaluru, January 13, 2021: CoinSwitch Kuber, India’s fastest growing cryptocurrency investment platform announced that it has closed $15 million (Rs. Cryptocurrency investment platform CoinSwitch Kuber has raised $15 million funding led by Ribbit Capital and US' crypto-focussed investment firm Paradigm. It presents cryptocurrencies as a smart investment alternative for investors looking for better returns. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. CoinSwitch Kuber is developed by the team CoinSwitch. CoinSwitch was founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari and as a global aggregator of cryptocurrency exchanges. Coinswitch has a simple and intuitive interface that allows you to buy/sell any crypto-asset in four steps. We support over 45,000+ crypto to crypto exchange pairs and are the largest crypto trading platform. “Following the announcement of the pre-launch of CoinSwitch Kuber in May, our user signups have already reached over 100,000 users, far exceeding our initial targets,” CoinSwitch CEO Ashish Singhal said. Ashish and the CoinSwitch team have shown tremendous resilience and strong execution in a challenging market, giving us confidence in their potential to build a market leader in the years to come.”. Within six months of launch, over one million users have already flocked to the platform owing to the ease of usage, security, and the large collection of cryptocurrencies. CoinSwitch Kuber is a user-friendly crypto investment platform for India. While the crypto landscape in India remains nascent, it has been an exciting past 12 months and over time we believe India could be one of the largest global crypto markets. in its Series A funding led by leading global fintech and crypto investor Ribbit Capital, and San-Francisco based crypto focused investment firm, Paradigm. Co-Founder & Chief Executive Officer: Vimal Tiwari: Co-Founder, Chief Operating Officer & Board Member: Govind Soni: Co-Founder, Chief Technology Officer & Board Member: Sharan Nair: Chief Business Officer The Bengaluru-based startup, which looks to onboard 10 million users by 2021-end, said in a statement that nearly 54% of its userbase is from tier 2 and 3 cities. CoinSwitch was founded by Ashish Singhal, Vimal Tiwari and Govind Soni in 2017. CoinSwitch Kuber is founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, who were college friends and have worked at Amazon, Microsoft, and Zynga respectively. The landmark deal brings together two leading global investors. Ashish Singhal, CEO and Co-Founder at CoinSwitch.co, said, “Following the announcement of the pre-launch of CoinSwitch Kuber in May, we have been inundated with user signups and have already reached over 100,000 users, far exceeding our initial targets. Matt Huang, Co-founder and Managing Partner at Paradigm, and Arjun Balaji, Investment Partner at Paradigm said, “We are thrilled to partner with CoinSwitch in their mission to bring simple crypto investing to the Indian market. CoinSwitch Kuber Raises $15 million In Series A: Led By Leading Global Fintech Investors. The round is led by leading global fintech and crypto investor Ribbit Capital, and San-Francisco based crypto-focused investment firm, Paradigm. CoinSwitch Kuber, a cryptocurrency investment platform, has raised $15 million (around Rs 109 crore) in Series A funding round led by global fintech and crypto investor Ribbit Capital and San-Francisco based crypto focussed investment firm Paradigm. Coinswitch Kuber will use the will use the new funds to enhance product, security, compliance and tech capabilities. PitchBook is a financial technology company that provides data on the capital markets. Check our privacy policy for more info. The Supreme Court striking down the ban on the cryptocurrency has attracted people's interest in this investment option, said Nischal Shetty, founder of another cryptocurrency platform WazirX. Cryptocurrency investment platform CoinSwitch Kuber has raised $15 million ( ₹ 109 crore) as part of its Series A funding round, led by global fintech and crypto investor Ribbit Capital and San Francisco-based Paradigm. The global spike in interest in cryptocurrencies has rubbed off on the Indian investors too, making India the second-biggest bitcoin nation in Asia after China, and the sixth biggest in the world, after the United States, Nigeria, China, Canada, and the United Kingdom. “By offering a simplified and accessible route into crypto via a mobile application, CoinSwitch Kuber can drive crypto adoption in India.” Paradigm, a leading crypto-focused investment firm based in San Francisco, California was founded in 2018 by Matt Huang, a former Sequoia partner, and Fred Ehrsam, who co-founded Coinbase, the largest cryptocurrency exchange in the U.S. Dear Promoters, It also offers API to the payment service providers. Paradigm’s (founded by Matt Huang and Fred Ehrsam, co-founder of Coinbase, the largest cryptocurrency exchange in the U.S) maiden investment in India. Nick Shalek, General Partner at Ribbit Capital said, “We are very excited to invest in CoinSwitch, which we believe can become a generational technology brand in India. The continued backing of our existing investors led by Sequoia Capital India is a testimony to the tremendous impact we have had on the crypto ecosystem in the country within a short time of our launch. Heart felt gratitude to you all for bringing such a timely, power-packed and easy to use app. CoinSwitch acts as one of the best crypto trading aggregators, partnered with the leading exchanges, wallet services, gaming partners, etc. Noticing the growing appetite for cryptocurrency investments amongst Indians, the founders saw the need to launch an India exclusive platform with CoinSwitch Kuber. CoinSwitch co-founder and CEO Ashish Singhal wasn't available for comments. CoinSwitch aggregates all major exchanges to give its users more than 300+ crypto trading pairs and is one of the largest cryptocurrency converters. CoinSwitch Kuber is an India-based cryptocurrency exchange platform. Funded by Sequoia Capital, CoinSwitch was started in the year 2017 with an aim to ease up the crypto trading process for the users. CoinSwitch Kuber is India’s fastest growing INR-crypto on-ramp platform. Required fields are marked *. Existing investors, such as Sequoia Capital India and CRED Founder Kunal Shah, also participated in the funding round. The company launched its India exclusive crypto platform, CoinSwitch Kuber in June 2020 to simplify crypto investments for Indian retail investors. This marks Ribbit Capital’s first investment in a cryptocurrency firm in India. Ashish Singhal, CEO, and Co-founder, CoinSwitch Kuber said, “We are thrilled to have the world’s most focused fin-tech and crypto investors, Ribbit and Paradigm join us as partners in our journey to make cryptocurrency investments accessible to retail investors in India. CoinSwitch is Ribbit Capital’s first investment in a cryptocurrency platform in India. The Series A funding round also saw participation from Sequoia Capital India and CRED founder Kunal Shah. To this end, we will invest in product and technology and also run a slew of awareness initiatives to educate investors about the potential of crypto as an emerging asset class.”. CoinSwitch is Paradigm’s first investment in India. in its Series A funding. Blockchain and cryptocurrencies enthusiast. “The launch of CoinSwitch Kuber on June 1st will allow us to bring a simple crypto user experience to the Indian crypto trading market,” Ashish Singhal, co-founder and CEO of the company, said. CoinSwitch Kuber is an aggregator of cryptocurrency exchanges and helps retail users in India buy and sell crypto with INR. CoinSwitch Kuber’s Journey To ONE Million Strong Crypto Users In India, 6 Reasons Why You Should Invest In Cryptocurrencies In India. Ashish Singhal, CEO and co-founder at CoinSwitch, said the launch of CoinSwitch Kuber will allow them to bring a simple crypto user experience to the Indian crypto trading market. CoinSwitch Kuber is a cryptocurrency exchange platform. CoinSwitch was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari and as a global aggregator of cryptocurrency exchanges. Freshly brewed news and insights on crypto, investments and personal finance delivered to your inbox. Our mandate is to invest in the best entrepreneurs and technologists driving change in financial services, and Ashish, Vimal, and Govind fit the bill. To this end, we will invest in product and technology and also run a slew of awareness initiatives to educate investors about the potential of crypto as an emerging asset class.”, “We are very excited to invest in CoinSwitch, which we believe can become a generational technology brand in India. by CoinSwitch Kuber | March 11, 2021 + Dogecoin Mining – DOGE Mining Guide | Mine Dogecoin in 2021. Ashish Singhal, CEO and Co-founder of CoinSwitch Kuber, said they are thrilled to have the world’s most focused fin-tech and crypto investors, Ribbit and Paradigm join as partners in the company’s journey to make cryptocurrency investments accessible to retail investors in India. The round is led by leading global fintech and crypto investor Ribbit Capital, and San-Francisco based crypto-focused investment firm, Paradigm. Ex-Senior Software Engineer at Zynga and Ex-Software Analyst at Accenture. © 2021 PitchBook Data. CoinSwitch Kuber is founded by a team from Amazon, Microsoft and Zynga, and became the fastest growing crypto exchange in India hitting 1 Million users in 7 months. Some of Paradigm’s other investments include Uniswap, Yield Protocol, Fireblocks and Compound. Targets a user base of 10 million by the end of 2021. , India’s fastest growing cryptocurrency investment platform announced that it has closed $15 million (Rs. Our mandate is to invest in the best entrepreneurs and technologists driving change in financial services, and Ashish, Vimal, and Govind fit the bill. CoinSwitch Kuber, India’s growing cryptocurrency investment platform announced that it has closed $15 million (Rs. The founders of CoinSwitch Kuber, Govind Soni, Vimal Sagar Tiwari, and Ashish Singhal were previously at Microsoft, Zynga, and Amazon respectively before creating CoinSwitch in 2017. The company expects to have 10 million users on the platform in the next year. Users can trade anonymously on any exchange with ease without creating an account with the underlying exchange. Founded back in 2017 by Govind Soni, Ashish Singhal and Vimal SagarTiwari, CoinSwitch was a global investment platform, an aggregator of cryptocurrency exchanges around the globe. We backed the team not only because of their track record of product and technology innovation but also because of their resolute commitment to serving their customers.”, “We are thrilled to partner with CoinSwitch in their mission to bring simple crypto investing to the Indian market. Experience Here is where Coinswitch Kuber can shine like a bright star. Founded in 2012 by Meyer (Micky) Malka, Ribbit Capital is counted among the world’s foremost investors focused on fintech. To view CoinSwitch Kuber’s complete valuation and funding history, request access », To view CoinSwitch Kuber’s complete executive team members history, request access », To view CoinSwitch Kuber’s complete board members history, request access », To view CoinSwitch Kuber’s complete investors history, request access », Co-Founder, Chief Operating Officer & Board Member, Co-Founder, Chief Technology Officer & Board Member, Flat Number A - 701, 7th Floor, Block A, SV Heights. CoinSwitch Kuber Is Now 3 Million Strong, A Thank You Note for You! The app was first introduced on the Android Play Store in June 2020, and has since surpassed five lakh downloads. Save my name, email, and website in this browser for the next time I comment. The deal brings together two leading global investors in support of the CoinSwitch Kuber team and what they have managed to achieve in the space in a very short time. We aim to double down on the Indian market and are targeting a ten times growth in our user base by the end of the year. Your email address will not be published. Learn about Bitcoin, Blockchain & Cryptocurrencies here to simplify your crypto journey with us. KuberVerse, powered by CoinSwitch Kuber is here to empower you to make your investing simple & easy. Co-Founder & CEO of CoinSwitch Kuber, a Bangalore-based cryptocurrency trading platform designed especially for Indian consumers. New users can create an account on the platform by performing KYC/AML procedures and can deposit INR into their account using the various modes of payment offered by the platform. According to a report in Times of India, CoinSwitch Kuber founder Ashish Singhal says young professionals in tier 2 and 3 cities are showing interest in the cryptocurrency. CoinSwitch Kuber, a crypto investment firm has raised $15 million (₹109 crores) in funding, led by Ribbit Capital and Paradigm. Users from over 160 countries trade more than 300 cryptocurrencies. The continued backing of our existing investors led by Sequoia Capital India is a testimony to the tremendous impact we have had on the crypto ecosystem in the country within a short time of our launch. Co-Founder and Chief Operating Officer at CoinSwitch and CRUXPay. Thursday, February 11 2021 Breaking News Kuber is designed keeping first-time cryptocurrency investors in mind, simplifying crypto for them. We aim to double down on the Indian market and are targeting a ten times growth in our user base by the end of the year. Within the first 200 days of launch, the platform onboarded 1 million users and clocked investment of over Rs. Through partnering with leading global exchanges, CoinSwitch is vastly simplifying cryptocurrency trading by removing the need to create an account on an exchange. CoinSwitch Kuber has collaborated with The Viral Fever (TVF) for a sketch, Baap Beta Aur KBC ft. Rajit Kapoor and Naveen Kasturia to debunk various myths surrounding cryptocurrencies. In 2017, Singhal, Govind Soni and Vimal Sagar Tiwari founded CoinSwitch as a global aggregator of cryptocurrency exchanges. CoinSwitch Kuber will invest in tech, security, compliance, and product capabilities and aims to be the leading cryptocurrency investment platform for Indians. Within seven months of the launch, the exchange operator claims to have over one million users. CoinSwitch was founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari and as a global aggregator of cryptocurrency exchanges. Ashish also thanks to the company’s partners Sequoia Capital India whose continued backing is a testimony to the tremendous impact the company had on the crypto ecosystem. CoinSwitch also provides its API to most of the leading wallets and payment service providers, enabling them to increase their offerings. It was one of the earliest investment firms to invest in cryptocurrency companies, and its portfolio includes some of the most prominent cryptocurrency and blockchain projects including Coinbase, Chainalysis, and Diem. by Farheen Shaikh | March 10, 2021 + 12 Best Ways To Earn Free Bitcoins In 2021 | Get Free Bitcoin Now. At the end of the day the goal of the user is to be able to buy/sell cryptocurrencies easily and quickly. According to reports, Indian cryptocurrency trading volumes have grown 500% since March 2020, signalling the country’s massive appetite for cryptocurrencies, thereby attracting attention from global investors like Paradigm and Ribbit Capital. 109 Cr.) The company said it would use … 2000 crore. 109 Cr.)