
Crypto firm CoinSwitch Kuber joins India’s unicorn bandwagon
The Hindu
Raises $260 mn from a16z, Sequoia Capital, Tiger Global, others
CoinSwitch Kuber, a crypto asset platform, said it 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.
The fresh infusion made CoinSwitch Kuber a unicorn, valued at 1.9 billion, in just over 14 months of starting its operations in India, claimed the company in a statement.

The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












