The move marks a significant step for the use case of blockchain technology within India's financial ecosystem.
The uptick in new user registrations is a 45% increase to 70 million when compared to the year prior, according to BSE stock exchange data.
Funding will be used to double the exchange's staff to 400 employees.
The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.
The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.
All three have holdings in excess of 5% in the company, which develops distributed ledger technology products for Indian financial services.
Deputy Governor T. Rabi Sankar said a CBDC would reduce the use of cash and protect citizens from the volatility of cryptocurrencies.
The High Court of Delhi is seeking responses and has scheduled the matter for discussion in August.
ICICI Bank is telling customers not to use foreign remittances to invest in cryptocurrencies.
Despite the downturn, exchanges say they are looking to build up their infrastructure for when the next big boom in crypto rolls around.
The exchange's aim is that recruits will use the incentive to learn about crypto.
The firms say the blockchain can improve transparency and prevent failures in global vaccine supply chains.
Most Indian exchanges pay the goods and services tax on their profits and commissions in the absence of clarity from the country's tax authority.
A recent enforcement action against Wazir-X, India's largest exchange, offers a glimpse of how regulators might eventually treat cryptocurrency there.