https://techcrunch.com/2021/10/06/a16z-coinbase-coinswitch-kuber-first-india-investment/

Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. The two firms have co-led a $260 million investment in the Bangalore-based cryptocurrency trading startup, valuing the young firm at $1.9 billion, they said on Tuesday.

This is a16z’s first investment in India. TechCrunch reported last month — twice — that the two firms were in talks to back the Indian startup and had proposed a valuation of $1.9 billion.