CoinDCX raises $2.5 million from Polychain Capital, Coinbase Ventures

BENGALURU: Cryptocurrency exchange platform CoinDCX has raised $2.5 million as a part of its strategic funding round led by crypto investment platform – Polychain Capital.

Coinbase Ventures, the investment arm of San Francisco-based cryptocurrency exchange Coinbase, is a new investor and participated in this round. This marks Coinbase’s first investment in an Indian blockchain company.

This fund-raise comes two months after the startup had raised $3 million as a part of its Series A funding round, also led by Polychain Capital, in which Bain Capital Ventures and HDR Group had participated.