INSUBCONTINENT EXCLUSIVE:
"Glad to come onboard as the brand ambassador of CoinSwitch Kuber," Ranveer Singh said.New Delhi: India's largest crypto exchange
CoinSwitch Kuber on Friday announced that it has roped in Bollywood actor Ranveer Singh as its first brand ambassador
The actor featured for CoinSwitch's ongoing 'Kuch Toh Badlega' (something will change) campaign."We're immensely proud to announce Ranveer
Singh as our brand ambassador! India's Crypto journey is not just simpler, but a whole lot entertaining too," CoinSwitch Kuber Founder and
Chief Executive Officer Ashish Singhal said.Commenting on the announcement, Mr Singh said, "Glad to come onboard as the brand ambassador of
CoinSwitch Kuber, India's largest crypto asset platform."A couple of days back the crypto exchange had reached unicorn status in a funding
round led by Andreessen Horowitz and Coinbase Ventures, with investors betting on rising demand even as the industry faces regulatory
uncertainties.Also Read: India's Largest Crypto Exchange CoinSwitch Kuber Turns Unicorn With $1.9 Billion ValuationCoinSwitch said it had
raised $260 million at a valuation of $1.9 billion
The funding marked Andreessen Horowitz's first investment in an Indian startup and existing backers including Sequoia Capital, Tiger
Global Management and Ribbit Capital also participated.The Bangalore-based startup has become India's largest and most valuable
cryptocurrency platform with more than 10 million customers amassed in just 14 months of operations
Investors are betting on continued growth even as authorities scrutinize buying and selling of Bitcoin, Ethereum and other coins.Founded in
2017, CoinSwitch was launched as a global aggregator of crypto exchanges.CoinSwitch plans to use the capital to grow its user base to 50
million, introduce new crypto products such as lending for retail investors and ramp up its technology workforce
It also wants to tap institutional clients and set up an ecosystem fund.Currently, cryptocurrency is an unregulated digital currency and not
a legal tender in India.(Disclaimer: Coinswitch is an advertiser on the TheIndianSubcontinent Network)
