CoinDCX increases its stake in Amazon, while Nykaa and Gupshup make acquisitions.


CoinDCX increases its stake. CoinDCX, a cryptocurrency exchange, has raised over $135 M in an oversubscribed expansion round. The company was valued at $2.15 billion in the Series D investment, making it India’s most valuable cryptocurrency company.

CoinDCX intends to open an Innovation Center in India to promote Web3 and Blockchain adoption.

Pantera and Steadview led the investment, with new investors Kingsway, DraperDragon, Republic, and Kindred joining in.

B Capital Group, Coinbase, Polychain, and Cadenza are among the returning backers. The crypto company stated that education, innovation, and compliance will continue to be major pillars of its strategy and that it will use the funds raised in this round to capitalize on these advantages.

CoinDCX intends to open an Innovation Center in India to promote Web3 and Blockchain adoption.

Read Also- Last week’s top gainers and losers in the stock market

Rario, a cricket NFT platform, raised $120 million in a Series A fundraising round led by Dream Capital on Thursday.

The round was also attended by Alpha Wave Global. Through exclusive contracts with six major cricket leagues and a roster of over 900 cricketers, Rario presently holds the greatest share of cricket NFT rights in the world.

GlowRoad is a social commerce platform that allows users to resell products on multiple social media sites. When it received $7 million in 2020 from Accel Partners, Vertex Ventures, and IND Money as lead investors, it was valued at $75 million.

Nykaa, a cosmetics e-commerce company, announced investments in Earth Rhythm, Nudge Wellness, and KICA on Friday.

The company paid Rs 41.65 crore for an 18.51 percent stake in Earth Rhythm, Rs 3.6 million for a 60% stake in dietary supplement company Nudge Wellness, and Rs 4.51 crore for athleisure brand KICA.

Soumyajit Dutta
Soumyajit Dutta
Am soumyajit dutta,ama sports enthusiasts and a content writer am persueing journalism


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