About KoinX
KoinX is a company based in Cuttack (India) founded in 2022 by Punit Agarwal.. KoinX has raised $1.5 million across 1 funding round 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
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- 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
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Jun 08, 2022
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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. 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.
Tool for calculating crypto gains, losses, and generating reports.
Platform to monitor crypto holdings and transaction accuracy.
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Funding Insights of KoinX
KoinX has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in June 2022. 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 1
- Last Round Seed — $1.5M
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First Round
First Round
(08 Jun 2022)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - KoinX | Valuation | GTMfund , The Rise Fund |
| 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 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. 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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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 |
| 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 KoinX
KoinX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Crypto Kanoon. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - KoinX
| 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 |
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. 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 |
|---|---|---|---|---|
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Koinx
Frequently Asked Questions about KoinX
When was KoinX founded?
KoinX was founded in 2022.
Where is KoinX located?
KoinX is headquartered in Cuttack, India. It is registered at Cuttack, Odisha, India.
Who is the current CEO of KoinX?
Punit Agarwal is the current CEO of KoinX. They have also founded this company.
Is KoinX a funded company?
KoinX is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 08, 2022.
How many employees does KoinX have?
As of Mar 29, 2024, the latest employee count at KoinX is 15.
What is the annual revenue of KoinX?
Annual revenue of KoinX is $26.01K as on Mar 31, 2023.
What does KoinX do?
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.
Who are the top competitors of KoinX?
KoinX's top competitors include ZenLedger, crypto tax calculator and TaxNodes.
What products or services does KoinX offer?
KoinX offers Crypto Tax Calculator and Portfolio Tracker.
How many acquisitions has KoinX made?
KoinX has made 1 acquisition, including Crypto Kanoon.
Who are KoinX's investors?
KoinX has 28 investors. Key investors include Dezerv, Angel List, We Founder Circle, Utsav Somani, and Navin Gupta.
What is KoinX's valuation?
The valuation of KoinX is $17.4M as of Jun 2022.
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