CoinSwitch Kuber is a fast-growing crypto asset platform which said that it has closed a $260 million Series C funding round from Andreessen Horowitz (a16z), Coinbase Ventures and existing investors Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global.

Coinbase is one of the early pioneers of creating a crypto economy and operates one of the world’s largest crypto exchanges. This investment makes Bengaluru-based CoinSwitch Kuber, 30th unicorn and the most valuable crypto company in India valued at $1.9 billion. It has become the second crypto unicorn in India and is now valued higher than CoinDCX’s $1.1 billion valuation announced in August this year.

“The CoinSwitch Kuber team has worked round the clock to be the most preferred platform for crypto investors in India. This has helped us to reach the unicorn status in just over 14 months of operations in India,” said Ashish Singhal, co-founder and CEO, CoinSwitch Kuber.

“Over the last one year, our focus has been to develop a robust product for Indian consumers. Now with this funding, we hope to propel ourselves further on our mission to bring crypto to every household in India.”