Image of CoinDCX app from Facebook.

Asian Tech Press -- CoinDCX, India's largest cryptocurrency exchange, has joined the “unicorn” club of startups valued at more than $1 billion after its latest funding round.

The Indian cryptocurrency exchange announced Tuesday that it closed a 6.7 billion rupee ($90 million) round of funding led by Facebook co-founder Eduardo Saverin's B Capital Group, a US-based venture capital firm.

The funding round valued the coompany at $1.1 billion, making it India's first cryptocurrency unicorn.

According to Chainalysis, cryptocurrency investment in India has surged to nearly $6.6 billion as of May, up from about $900 million a year ago.