: How two college friends built India’s first crypto unicorn in the face of regulatory setbacks #IndiaNEWS The co-founder of India’s latest cryptocurrency unicorn almost did not launch his company.Three
How two college friends built India’s first crypto unicorn in the face of regulatory setbacks #IndiaNEWS
The co-founder of India’s latest cryptocurrency unicorn almost did not launch his company.Three years ago, Sumit Gupta, CEO and co-founder of Mumbai-based cryptocurrency exchange CoinDCX, was excited to launch his company. In April 2018, Gupta and his long-time college friend Neeraj Khandelwal had all their ducks in a row, including pooling in their savings to make up 90% of the total capital for their startup. By the end of May 2018, the duo had aligned all the investors it needed when the axe fell.“We were raising a seed round, and then the news about the RBI [the Reserve Bank of India] circular came,? Gupta told Quartz over a Zoom call. The circular he is referring to was the Indian central banh& X[ۈۈ[ X[]]H [X[ۜ []Y X[[ˈ8'HY[[ YۙY[Y[ ] [ H [][ HH[ HY H[[[݈ ][ []܈[][ 8 ^YX H X[Y H[ [[[] ژ[ۈ [
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