Deals in brief


Ikigai, JSA assist crypto exchange on fundraise

Ikigai Law advised fintech company Primestack, which operates the cryptocurrency exchange CoinDCX, when it raised INR6.7 billion (USD90 million) in a series C funding.

The round was led by B Capital Group and included existing investors Coinbase Ventures, Polychain, and Jump Capital. J Sagar Associates (JSA) advised B Capital Group.

The deal, which was announced on 10 August, values the company at USD1.1 billion, making it the first Indian crypto exchange to reach unicorn status.

Ikigai Law’s team comprised counsel Nimisha Dutta and managing partner Anirudh Rastogi. JSA’s team was led by partner Manvinder Singh and included senior associate Anant Mishra and associate Vishakha Singh.

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