About KoinX
KoinX is a company based in Cuttack (India) founded in 2022 by Punit Agarwal. KoinX has raised $1.53 million across 2 funding rounds from investors including Dezerv, Angel List and We Founder Circle. The company has 15 employees as of March 29, 2024. KoinX has completed 1 acquisition, including Crypto Kanoon. KoinX offers products and services including Crypto Tax Calculator and Portfolio Tracker. KoinX operates in a competitive market with competitors including ZenLedger, crypto tax calculator, TaxNodes, Fyn and Divly, among others.
- Headquarter Cuttack, India
- Employees 15 as on 29 Mar, 2024
- Founders Punit Agarwal
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Simplify Infotech Private Limited
- Date of Incorporation 05 Apr, 2022
- Jurisdiction Cuttack, Orissa, India
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Annual Revenue
$26.01 K (USD)0as on Mar 31, 2023
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Net Profit
-$397.3 K (USD)0as on Mar 31, 2023
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EBITDA
-$346.17 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.53 M (USD)
in 2 rounds
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Latest Funding Round
$33.48 K (USD), Seed
Oct 21, 2024
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Investors
Dezerv
& 27 more
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Employee Count
15
as on Mar 29, 2024
- Investments & Acquisitions
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Products & Services of KoinX
KoinX offers a comprehensive portfolio of products and services, including Crypto Tax Calculator and Portfolio Tracker.
Tool for calculating crypto gains, losses, and generating reports.
Platform to monitor crypto holdings and transaction accuracy.
People of KoinX
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Funding Insights of KoinX
KoinX has successfully raised a total of $1.53M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $33.48 thousand completed in October 2024. 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 2
- Last Round Seed — $33,477
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First Round
First Round
(08 Jun 2022)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - KoinX | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - KoinX | Valuation | GTMfund , The Rise Fund |
Investors in KoinX
KoinX has secured backing from 28 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Dezerv, Angel List and We Founder Circle.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic VC investment company investing globally
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Founded Year | Domain | Location | |
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Technical founders are supported through early-stage venture capital investments.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage blockchain startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by KoinX
KoinX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Crypto Kanoon.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Crypto legal awareness and analytics are operated in India.
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2018 |
Financial Statements - KoinX
Koinx Comparisons
Competitors of KoinX
KoinX 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 ZenLedger, crypto tax calculator, TaxNodes, Fyn and Divly, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based crypto tax management solutions are offered to investors.
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| domain | founded_year | HQ Location |
Cryptocurrency tax calculation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cryptocurrency tax calculations and reports are managed online.
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| domain | founded_year | HQ Location |
Online platform for web3 tax calculations
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| domain | founded_year | HQ Location |
Platform offering crypto-based tax solutions
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Frequently Asked Questions about KoinX
KoinX was founded in 2022.
KoinX is headquartered in Cuttack, India. It is registered at Cuttack, Odisha, India.
Punit Agarwal is the current CEO of KoinX. They have also founded this company.
KoinX is a funded company, having raised a total of $1.53M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 08, 2022.
As of Mar 29, 2024, the latest employee count at KoinX is 15.
Annual revenue of KoinX is $26.01K as on Mar 31, 2023.
Founded in 2022 and based in Cuttack, India, an online platform is operated in the cryptocurrency sector. Automatic tax management for crypto transactions is provided, with integrations to multiple exchanges for tax calculations. Features such as downloadable reports on capital gains and other metrics are included, supporting users in compliance and reporting needs.
KoinX's top competitors include ZenLedger, crypto tax calculator and TaxNodes.
KoinX offers Crypto Tax Calculator and Portfolio Tracker.
KoinX has made 1 acquisition, including Crypto Kanoon.
KoinX has 28 investors. Key investors include Dezerv, Angel List, We Founder Circle, Utsav Somani, and Navin Gupta.
The valuation of KoinX is $17.4M as of Jun 2022.