CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Andreessen Horowitz hires Aditya Rane for India crypto push

By Munikoti Rochan

15:11, 21 October 2021

Bitcoin token lying on top of a map of India
Andreessen Horowitz has some $19.2bn in assets under management – Photo: Shutterstock

Andreessen Horowitz, one of Silicon Valley’s top venture capital firms, has hired a senior executive to explore the Indian fintech and cryptocurrency ecosystems.

The company will collaborate with Aditya Rane, who is currently based in Mumbai. Rane previously served as the head of partnerships at American firm Renegade Insurance.

News of the appointment surfaced on Rane’s LinkedIn page. “I’ll be exploring Indian Fintech and Crypto with a firm that I have admired for a lot of time – Andreessen Horowitz,” Rane wrote in a post published on 21 October.

“Though Netscape was a bit before my time, (trivia: my first browser was AltaVista) I remember reading about the genius behind it as a 15-year-old geek, and it was only much later that I got to read and see what the firm is building within companies that I wish I had built. I want to thank the fintech team and especially someone over there for going above and beyond to make this happen,” Rane added.

DOGE/USD

0.15 Price
-1.940% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

ETH/USD

3,131.56 Price
+0.130% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

XRP/USD

0.53 Price
-1.550% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BCH/USD

476.10 Price
-1.320% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

Unicorn status

The move follows Andreessen Horowitz’s recent investment in domestic cryptocurrency exchange CoinSwitch Kuber. The $260m infusion with Coinbase Ventures valued CoinSwitch Kuber at some $1.9bn, making it the second Indian crypto firm – CoinDCX being the first – to attain ‘unicorn’ status.

Andreessen Horowitz, better known as ‘a16z’, has some $19.2bn in assets under management across multiple funds, according to its website, including a $1.4bn Bio Fund, a $3.1bn Crypto Fund, and the Cultural Leadership Fund.

A16z was founded in 2009 by the co-author of the Mosaic web browser, Marc Andreessen, and tech entrepreneur Ben Horowitz.

Read more: Office space leasing rising rapidly in India: Colliers

 

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 610,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading