CoinDCX, the Indian cryptocurrency exchange, announced on Tuesday that it had completed a round of financing of 6.7 billion rupees ($90 million), led by Facebook Inc.Co-founder Educardo Saverin's B Capital Group led the investment, valuing the company at $1.1 billion, making it the first "unicorn" company in India's cryptocurrency sector.
Already investors, including Coinbase, Polychain, Block.one and Jump Capital, have also participated in the round, the company said.
Cryptocurrency investment in India surged to nearly $6.6 billion as of May, up from about $900m a year ago, according to Chainalysis.