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CoinSwtich Kuber secures $15 mn from Ribbit Capital and others

India based cryptocurrency investment platform, CoinSwitch Kuber has raised $15 million in series A round funding from Ribbit Capital and others.

Led by Ribbit Capital, the jew round funding also saw the participation from existing investors like Sequoia Capital India and Kunal Shah.

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“The company will use the fresh funds to enhance its product, security, compliance, and tech capabilities,” the company said.

Speaking in the Fundraise, Ashish Singhal, CEO & Co-founder of CoinSwitch Kuber, said, “We aim to double down of the Indian market, and targeting a ten times growth in our userbase by the end of the year.”

“We will invest in product and technology and also run a Slew of awareness initiatives to educate investors about the potential of crypto as emerging assets class,” he added.

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