CoinDCX had also announced plans in April to double their workforce in India to 1,000.
CoinSwitch Kuber also said plans to triple its engineering team to almost 300 by the end of the financial year. Besides engineering, the company is looking to ramp up hiring in information security, product and analytics across geographies.
“We are building one of the first web3 teams in India. India is talent-rich but blockchain is a new and evolving space. While our exhaustive hiring process ensures we hire only the best candidates, we have to be innovative and nurture uninitiated but smart talent to build a pipeline of specialists who can build the future of the Internet — web3 — in India. As an early mover in web3, we want to play an active role in shaping the nation’s future,” said Ashish Singhal, cofounder and CEO of CoinSwitch Kuber.
CoinSwitch has been strengthening its management team with leadership appointments, including that of Ashish Chandra as general counsel. Chandra previously worked at WhatsApp India and Netflix. The company also hired
Hegde, a senior executive at , as its senior vice president for new initiatives; Sarmad Nazki, who has worked at Bounce and Ola, as CFO; and Jayram Krishnan as vice president for product.
raised $260 million in Series C funding from Coinbase Ventures and Andreessen Horowitz in September 2021. In October 2021, the company crossed 18 million registered users in 22 months and now plans to deliver diverse investment options to its customers.
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It expanded from 40 to 500 employees between January 2021 and January 2022 and now plans to hire 500 more.