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.
“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.