About Koinex
Koinex is a company based in Mumbai (India) founded in 2017. It operates as a B2C. Koinex has raised $1.66 million across 4 funding rounds from investors including Venture Catalysts, Samyakth Capital and Beenext. The company has 38 employees. Koinex operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Mumbai, India
- Employees 38
- Stage Minicorn
- SectorsFinancial Services
- Website koinex.in
- Social X Facebook
- Legal Name Discidium Internet Labs Private Limited
- Date of Incorporation 24 Jul, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.8 Lakh
FY 2024 · -40% YoY
- Net Loss-₹20.7 Lakh
FY 2024 · -150% margin
- EBITDA-₹16.7 Lakh
FY 2024 · -121% margin
- Total Equity Funding$1.66M (USD)
in 4 rounds
- Latest Funding Round$230.1K (USD), Angel Round
Feb 2018
- InvestorsVenture Catalysts
& 10 more
- Employee Count38
Associated legal entities of Koinex
Koinex operates through Discidium Internet Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Discidium Internet Labs Private Limited CIN U72900MH2017PTC297782 | Active | 24 Jul 2017 | Mumbai, Maharashtra | ₹0.1 Cr | 38 | 3 | View details |
Funding Insights of Koinex
Koinex has successfully raised a total of $1.66M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $230.1 thousand completed in February 2018. 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 $1.66M
- Total Rounds 4
- Last Round Angel Round — $230,096
- Investors Count 11
All 4 funding rounds of Koinex 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 |
|---|---|---|---|---|---|
| Feb 2018 | $230,096 | Angel Round | – | Venture Catalysts | – |
| Dec 2017 | $1.08M | Seed | $5.6M | Beenext, Pantera Capital | |
| Oct 2017 | $349,019 | Seed | $1.54M | Beenext | |
| Sep 2017 | – | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2017 | $5.6M | •••••••• |
| Oct 2017 | $1.54M | •••••••• |
Last known valuation $5.6M (Dec 2017). 11 investors in total: 5 institutional and 6 angel.
Investors in Koinex
Koinex has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Venture Catalysts, Samyakth Capital and Beenext.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Early-stage venture capital fund | – | beenext.com | Singapore, Singapore | |
Blockchain-focused investment funds and venture capital are provided. | – | panteracapital.com | Menlo Park, United States | |
Venture capital firm investing in tech startups | – | shuttleholdings.com | New York, United States | |
Venture debt firm | 2017 | samyakthcapital.com | Mumbai, India | |
SS Shantanu Sunil Shete | - | – | unknown_aa170a3601404ceba | - |
SK Satyen Kothari | Founder of Cube Wealth, fintech innovator, and active angel investor in India. | – | unknown_19bbfbfcc55b47ac9 | - |
VK Vaibhav Karnavat | - | – | unknown_f81db5e0e394488b8 | - |
NG Nitin Gajria | Angel investor, ex-Microsoft, focused on tech startups in India. | – | unknown_55fc2593a4a74ee59 | - |
AG Anuj Golecha | - | – | unknown_9bdd237e5224495e8 | - |
Investor details for Koinex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Discidium Internet Labs Private Limited (Koinex)
Discidium Internet Labs Private Limited is the primary company behind Koinex. The board of Discidium Internet Labs Private Limited currently have 3 directors; the longest-serving is Aditya Sachin Naik, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aditya Sachin Naik DIN 07173363 | Director | 24 Jul 2017 | 9 yrs 2 mo | Discidium Internet Labs Private Limited |
| Raviteja Adusumalli DIN 08390490 | Director | 01 Apr 2019 | 7 yrs 6 mo | Discidium Internet Labs Private Limited |
| Rakesh Yadav DIN 07873051 | Director | 15 May 2025 | 1 yr 4 mo | Discidium Internet Labs Private Limited |
Financials of Koinex
Figures of Discidium Internet Labs Private Limited, the primary company behind Koinex, for FY 2024. Revenue was ₹13.8 Lakh (-40% year on year). Net loss was -₹20.7 Lakh (-150% margin). EBITDA was -₹16.7 Lakh (-121% margin). Revenue has grown at a compounded annual rate of -38% over three years and -60% over five years.
- ₹13.8 LakhRevenue · FY 2024 · -40% YoY
- -₹20.7 LakhNet loss · -150% margin
- -₹16.7 LakhEBITDA · -121% margin
- ₹1.6 LakhPaid-up capital
- 38Employees (provident fund records)
- -38%Revenue CAGR, 3 years
- -60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Discidium Internet Labs Private Limited are on its company page.
Detailed financial statements for Koinex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Koinex
4 dated milestones of Koinex across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Koinex is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $230K.
Competitors of Koinex
Koinex 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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gemini.com | 2014 | New York, United States | $423.9M | 551 | Platform offering crypto exchange solutions | |
| ftx.com | 2019 | Nassau, Bahamas | $1.73B | 41 | Cryptocurrency trading is facilitated through an online platform. | |
| blockchain.com | 2011 | London, United Kingdom | $700M | – | App-based platform for exchange and trading solutions for cryptocurrency | |
| bitstamp.net | 2011 | London, United Kingdom | $11.37M | – | Cryptocurrencies are bought, sold, and exchanged via a mobile app. | |
| pdax.ph | 2017 | Makati, Philippines | $62.5M | – | Online exchange platform for cryptocurrencies | |
| bit2me.com | 2015 | Valencia, Spain | $83.22M | – | Online platform for crypto exchange | |
| liquid.com | 2014 | Japan | $20M | – | Digital assets are exchanged through an online platform. | |
| bithumb.com | 2013 | Seoul, South Korea | $200M | – | Cryptocurrency exchange services are operated in South Korea by Bithumb. | |
| bitmart.com | 2017 | New York, United States | – | – | Cryptocurrency trading is supported via a mobile application platform. | |
| dunamu.com | 2012 | Seoul, South Korea | $138.18M | – | Cryptocurrency is exchanged, bought, and sold via an online platform. |
Detailed competitors of Koinex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Koinex
The website of Koinex (koinex.in) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 9.2% vs previous month
Websites whose visitors overlap most with Koinex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cryptohindinews.in | cryptohindinews.in | 100% | – | #4,842,391 | – |
Latest news on Koinex
Complete news archive for Koinex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Koinex
10 companies that operate in the same segment as Koinex (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Koinex
Koinex was founded in 2017.
Koinex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Koinex is a funded company, having raised a total of $1.66M across 4 funding rounds to date.
Koinex has 38 employees.
The primary company behind Koinex, Discidium Internet Labs Private Limited, reported revenue of ₹13.8 Lakh for FY 2024, down 40% year on year.
Koinex, based in Mumbai, focuses on finance, fintech, dealing with cryptocurrency, and exchange platforms. Operates as a platform for secure cryptocurrency exchange and trading services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Koinex's top competitors include Blockchain, Gemini and FTX.
Koinex has 11 investors. Key investors include Venture Catalysts, Samyakth Capital, Beenext, Pantera Capital, and Shantanu Sunil Shete.
The valuation of Koinex is $5.6M as of Dec 2017.
Koinex operates through Discidium Internet Labs Private Limited.
The legal entities of Koinex currently have 3 directors, including Rakesh Yadav, Raviteja Adusumalli, Aditya Sachin Naik.