CoinDCX reserves more than double to Rs 3,507 Cr in 6 months
Out of the total reserves held by CoinDCX, Rs 918 crore ($110.21 million) was kept in cold wallets and Rs 2,590 crore ($310.71 million) was held on the blockchain.
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Out of the total reserves held by CoinDCX, Rs 918 crore ($110.21 million) was kept in cold wallets and Rs 2,590 crore ($310.71 million) was held on the blockchain.
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.
The Bengaluru based insurtech startup saw the retail portion subscribed 4.3 times, non institutional investors subscribed 7.2 times while qualified institutional buyers subscribed to the IPO 12.5 times. The Fairfax backed startup is looking to go public at a valuation of $3 to $3.2 billion
Innovaccer is in advanced stages of talks to raise as much as $250 million in a new financing round, after raising $150 million at the end of 2021.
The stock markets in Asia were impacted early on Thursday by the volatile session on Wall Street the previous...