About CoinSwitch
CoinSwitch is a Financial Services company based in Bengaluru (India) founded in 2017 by Vimal Sagar Tiwari, Govind Soni, and Ashish Singhal. Cryptocurrency trading and exchange services are facilitated for users. CoinSwitch has raised $301.5 million across 4 funding rounds from investors including Coinbase, Peak XV Partners and Ribbit Capital. The company has 7 employees. CoinSwitch was last valued at $1.91 billion in October 2021. Its chief executive, as recorded, is Ashish Singhal. Its website coinswitch.co draws about 1.2 million monthly visits. Its Indian entity Nextgendev Solutions Private Limited reported revenue of ₹12.90 Cr. CoinSwitch offers products and services including CoinSwitch PRO, Crypto Futures Trading, API Trading, and Systematic Investment Plan. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Crypto Exchanges.
Company details
Cryptocurrency exchange and trading service provider. The platform enables users to buy, sell, and trade a wide range of digital assets using Indian Rupees. It aggregates liquidity from multiple crypto exchanges to present competitive real-time pricing and unified portfolio management. Its services include spot trading, futures contracts with leverage, systematic investment plans, and automated trading bots suited for both novice and advanced users. It provides secure infrastructure, encryption protocols, and proof-of-reserve practices to enhance fund safety. Trading tools include limit orders, charting interfaces through integrations, and API access for automation workflows.
- Headquarters Bengaluru, India
- Employees 7
- Founders Vimal Sagar Tiwari, Govind Soni, Ashish Singhal
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Website coinswitch.co
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Nextgendev Solutions Private Limited
- Date of Incorporation 22 May, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹12.90 Cr
FY 2025 · +122% YoY
- Net Loss-₹18.43 Cr
FY 2025 · -143% margin
- EBITDA-₹18.38 Cr
FY 2025 · -142% margin
- Total Equity Funding$301.5M (USD)
in 4 rounds
- Latest Funding Round$260M (USD), Series C
Oct 2021
- InvestorsCoinbase
& 13 more
- Employee Count7
Associated legal entities of CoinSwitch
CoinSwitch is associated with 3 registered companies on The Company Check; the primary company is Nextgendev Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nextgendev Solutions Private Limited CIN U72900KA2021PTC147720 | Active | 22 May 2021 | Bangalore, Karnataka | ₹12.9 Cr | 7 | 5 | View details |
| Bitkuber Investments Private Limited CIN U65990KA2021PTC145060 | Active | 09 Mar 2021 | Bangalore, Karnataka | ₹90.3 Cr | 287 | 3 | View details |
| Bitcipher Labs Llp CIN AAM-0533 | Active | 20 Feb 2018 | Saidapet, Tamil Nadu | ₹137 Cr | 2 | 2 | View details |
Products & Services of CoinSwitch
CoinSwitch offers a comprehensive portfolio of products and services, including CoinSwitch PRO, Crypto Futures Trading, API Trading, and Systematic Investment Plan.
Advanced platform for spot trading cryptocurrencies in INR with low fees
Enables trading of futures contracts with up to 50X leverage
Facilitates automated crypto trading using application programming interfaces
Allows monthly crypto purchases for systematic investment strategies
Apps and channels of CoinSwitch
CoinSwitch publishes 1 mobile app with over 10M+ downloads; its YouTube channel CoinSwitch has 230K subscribers and 30 videos.
Videos from CoinSwitch
The most watched videos on CoinSwitch's YouTube channel, CoinSwitch (230K subscribers). Click a video to play it here.
More on CoinSwitch .
Funding Insights of CoinSwitch
CoinSwitch has successfully raised a total of $301.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $260 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $301.5M
- Total Rounds 4
- Last Round Series C — $260M
- First Round $1.5M
(Mar 2018)
- Investors Count 14
All 4 funding rounds of CoinSwitch with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $260M | Series C | $1.91B | a16z, ventures.coinbase.com | |
| Apr 2021 | $25M | Series B | $500M | Tiger Global Management | – |
| Jan 2021 | $15M | Series A | – | Ribbit Capital, Paradigm | |
| Mar 2018 | $1.5M | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $1.91B | •••••••• |
| Apr 2021 | $500M | •••••••• |
Last known valuation $1.91B (Oct 2021). 14 investors in total: 10 institutional and 4 angel.
Investors in CoinSwitch
CoinSwitch has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Peak XV Partners and Ribbit Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments are directed toward crypto-assets and Web3 businesses. | paradigm.xyz | San Francisco, United States | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
AI-focused venture capital investment and support for startups in Asia. | groundupp.ventures | Bengaluru, India | ||
Multiple sectors are targeted for venture capital investments. | Singapore, Singapore | |||
Tykhe Ventures is focused on investing in AI-first founders. | tykhe.ventures | Gurgaon, India | ||
| ventures.coinbase.com | ||||
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | coinbase.com | San Francisco, United States |
Investor details for CoinSwitch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Nextgendev Solutions Private Limited (CoinSwitch)
Nextgendev Solutions Private Limited is the primary company behind CoinSwitch. The boards of the 3 registered companies of CoinSwitch currently have 6 directors; the longest-serving is Vimal Tiwari Sagar, appointed in 2021. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vimal Tiwari Sagar DIN 07935003 | Director | 09 Mar 2021 | 5 yrs 7 mo | Bitkuber Investments Private Limited |
| Ashish Singhal DIN 07168726 | Director | 09 Mar 2021 | 5 yrs 7 mo | Bitkuber Investments Private Limited |
| Govind Soni Kumar DIN 07934993 | Whole-time director | 09 Mar 2021 | 5 yrs 7 mo | Bitkuber Investments Private Limited |
| Sahil Sanjay Tewari DIN 08415433 | Designated Partner | 13 Oct 2023 | 3 yrs | Bitcipher Labs Llp, Nextgendev Solutions Private Limited |
| Ramakrishna Murthi DIN 10784626 | Director | 24 Sep 2024 | 2 yrs 1 mo | Nextgendev Solutions Private Limited |
| Sanjit Chakrabortty DIN 11751011 | Designated Partner | 23 Jun 2026 | 4 mo | Bitcipher Labs Llp, Nextgendev Solutions Private Limited |
People of CoinSwitch
103 people are tracked at CoinSwitch (20 in leadership, 83 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Anup Upendra | Associate Director | Leadership |
| COO | Leadership | |
Soham Majumder | Sr. Vice President - Product Design | Leadership |
Aatul Ahluwalia | Head - Business Development, Strategic Partnerships, Payment Strategy & Banking Alliances | Leadership |
R Venkatesh | Senior Vice President & Head - Public Policy | Leadership |
Rajesh Subramanian | Creative Director | Leadership |
S R Sundara Rajan | Head Of Compliance | Leadership |
Nirmal Pareek | Vice President & Head -business Operations, Equities | Leadership |
Abhijeet Singh | Associate Director - Product | Leadership |
Anand Murali | Head Of Multimedia Products | Leadership |
Amit C. | Associate Director | Leadership |
Ramakrishna M | Senior Director | Leadership |
Balaji Srihari | Vice President | Leadership |
Achintya Sharma | Head Of Procurement | Leadership |
Sarthak Goel | Head - Finance Controllership & Taxation | Leadership |
Siva Venkataraman | Chief Financial Officer | Leadership |
Faria Ahmad | Human Resources Business Partner | Leadership |
83 more people are available in the full profile.
Complete people profiles for CoinSwitch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of CoinSwitch
Figures of Nextgendev Solutions Private Limited, the primary company behind CoinSwitch, for FY 2025. Revenue was ₹12.90 Cr (+122% year on year). Net loss was -₹18.43 Cr (-143% margin). EBITDA was -₹18.38 Cr (-142% margin).
- ₹12.90 CrRevenue · FY 2025 · +122% YoY
- -₹18.43 CrNet loss · -143% margin
- -₹18.38 CrEBITDA · -142% margin
- ₹110 CrPaid-up capital
- 7Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Nextgendev Solutions Private Limited are on its company page.
Detailed financial statements for CoinSwitch
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of CoinSwitch
5 dated milestones of CoinSwitch across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CoinSwitch is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $260.0M.
- Milestone Reaches Unicorn status.
Web traffic of CoinSwitch
The website of CoinSwitch (coinswitch.co) receives about 1.2M visits a month and ranks #41,751 among all websites worldwide, #2,655 in Finance.
- Monthly visits1.2M
- Unique visitors315.8K
per month
- Global rank#41,751
among all websites
- Category rank#2,655
Finance · Finance
- Bounce rate43%
- Pages per visit5.4
- Average visit3 min 42 sec
- DevicesDesktop 24% · Mobile 76%
Websites whose visitors overlap most with CoinSwitch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| coinmarketcap.com | 100% | 74.2M | #1,083 | View details | |
| coingecko.com | 98% | 17.7M | #3,383 | View details | |
| coinbase.com | 97% | 27.7M | #1,680 | View details | |
coinglass.com | coinglass.com | 89% | #7,119 | – | |
| dexscreener.com | 87% | #5,160 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CoinSwitch
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Verified entity values are shown only after access is granted.
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Related news about Coinswitch
Complete news archive for CoinSwitch
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Articles about CoinSwitch on our blog
Frequently Asked Questions about CoinSwitch
CoinSwitch was founded in 2017 and raised its 1st funding round 1 year after it was founded.
CoinSwitch is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ashish Singhal is the CEO of CoinSwitch, as recorded in our data. They have also founded this company.
CoinSwitch is a funded company, having raised a total of $301.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Mar 2018.
CoinSwitch has 7 employees.
The primary company behind CoinSwitch, Nextgendev Solutions Private Limited, reported revenue of ₹12.90 Cr for FY 2025, up 122% year on year.
Cryptocurrency exchange and trading service provider. The platform enables users to buy, sell, and trade a wide range of digital assets using Indian Rupees. It aggregates liquidity from multiple crypto exchanges to present competitive real-time pricing and unified portfolio management. Its services include spot trading, futures contracts with leverage, systematic investment plans, and automated trading bots suited for both novice and advanced users. It provides secure infrastructure, encryption protocols, and proof-of-reserve practices to enhance fund safety. Trading tools include limit orders, charting interfaces through integrations, and API access for automation workflows.
CoinSwitch offers CoinSwitch PRO, Crypto Futures Trading, API Trading, and Systematic Investment Plan.
CoinSwitch has 14 investors. Key investors include Coinbase, Peak XV Partners, Ribbit Capital, Groundupp Ventures, and Andreessen Horowitz.
The valuation of CoinSwitch is $1.91B as of Oct 2021.
CoinSwitch is associated with 3 legal entities: Nextgendev Solutions Private Limited, Bitcipher Labs Llp, Bitkuber Investments Private Limited.
The legal entities of CoinSwitch currently have 9 directors, including Sahil Sanjay Tewari, Sanjit Chakrabortty, Vimal Tiwari Sagar and others.