About CoinSwitch
CoinSwitch is a company based in Bengaluru (India) founded in 2017 by Vimal Sagar Tiwari, Govind Soni, and Ashish Singhal.. CoinSwitch has raised $301.5 million across 4 funding rounds from investors including Peak XV Partners, Ribbit Capital and Andreessen Horowitz. The company has 7 employees as of October 08, 2025. CoinSwitch offers products and services including CoinSwitch PRO, Crypto Futures Trading, API Trading, and Systematic Investment Plan. CoinSwitch operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Bengaluru, India
- Employees 7 as on 08 Oct, 2025
- Founders Vimal Sagar Tiwari, Govind Soni, Ashish Singhal
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Nextgendev Solutions Private Limited
- Date of Incorporation 22 May, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$677.8 K (USD)199.49as on Mar 31, 2024
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Net Profit
$-3.72 M (USD)-8.53as on Mar 31, 2024
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EBITDA
$-3.82 M (USD)-10.29as on Mar 31, 2024
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Total Equity Funding
$301.5 M (USD)
in 4 rounds
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Latest Funding Round
$260 M (USD), Series C
Oct 06, 2021
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Investors
Peak XV Partners
& 6 more
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Employee Count
7
as on Oct 08, 2025
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 4
- Last Round Series C — $260.0M
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First Round
First Round
(23 Mar 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - CoinSwitch | Valuation | a16z , ventures.coinbase.com | |
| Apr, 2021 | Amount | Series B - CoinSwitch | Valuation | Tiger Global Management |
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| Jan, 2021 | Amount | Series A - CoinSwitch | Valuation | Ribbit Capital , Paradigm |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CoinSwitch
CoinSwitch has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Peak XV Partners, Ribbit Capital and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CoinSwitch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CoinSwitch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coinswitch Comparisons
Competitors of CoinSwitch
CoinSwitch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gemini, FTX, Blockchain, Bitstamp and PDAX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coinswitch
Frequently Asked Questions about CoinSwitch
When was CoinSwitch founded?
CoinSwitch was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is CoinSwitch located?
CoinSwitch is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of CoinSwitch?
Ashish Singhal is the current CEO of CoinSwitch. They have also founded this company.
Is CoinSwitch a funded 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 Series A of $15M, raised on Mar 23, 2018.
How many employees does CoinSwitch have?
As of Oct 08, 2025, the latest employee count at CoinSwitch is 7.
What is the annual revenue of CoinSwitch?
Annual revenue of CoinSwitch is $677.8K as on Mar 31, 2024.
What does CoinSwitch do?
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.
Who are the top competitors of CoinSwitch?
CoinSwitch's top competitors include Blockchain, Gemini and FTX.
What products or services does CoinSwitch offer?
CoinSwitch offers CoinSwitch PRO, Crypto Futures Trading, API Trading, and Systematic Investment Plan.
Who are CoinSwitch's investors?
CoinSwitch has 7 investors. Key investors include Peak XV Partners, Ribbit Capital, Andreessen Horowitz, ventures.coinbase.com, and Tiger Global.
What is CoinSwitch's valuation?
The valuation of CoinSwitch is $1.91B as of Oct 2021.
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