About Krypto
Krypto is a Financial Services company based in Bengaluru (India) founded in 2019 by Shaaran Lakshminarayanan. Cryptocurrencies are traded, bought, and exchanged via an Android app. Krypto has raised $974.66 thousand across 3 funding rounds from investors including Pictor Labs, LetsVenture and Upsparks Capital. Krypto was last valued at $393.77 million in March 2022. Its chief executive, as recorded, is Shaaran Lakshminarayanan. Krypto offers products and services including Krypto Exchange, Krypto Pay, and Krypto Wallet. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Online Trading Platforms. Its legal entity in India is Inventphile Ventures Private Limited (U67100DL2020PTC360293).
Company details
Krypto was founded in 2019 in Bengaluru, India, within the cryptocurrency sector. An app-based platform is operated exclusively on Android, where buying, selling, and exchanging of cryptocurrencies are facilitated. Additional services for payments, deposits, withdrawals, and money transfers are provided to users. Operations focus on secure digital asset management in the Indian market.
- Headquarters Bengaluru, India
- Founders Shaaran Lakshminarayanan
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website letskrypto.com
- Social LinkedIn X Instagram
- Legal Name Inventphile Ventures Private Limited
- Date of Incorporation 15 Jan, 2020
- Jurisdiction New Delhi, Delhi, India
- Net Loss-₹7,200
FY 2020 · 0% margin
- EBITDA-₹7,200
FY 2020 · 0% margin
- Total Equity Funding$974.66K (USD)
in 3 rounds
- Latest Funding Round$537.47K (USD), Seed
Mar 2022
- InvestorsPictor Labs
& 25 more
Associated legal entities of Krypto
Krypto operates through Inventphile Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inventphile Ventures Private Limited CIN U67100DL2020PTC360293 | Active | 15 Jan 2020 | New Delhi, Delhi | 2 | View details |
Products & Services of Krypto
Krypto offers a comprehensive portfolio of products and services, including Krypto Exchange, Krypto Pay, and Krypto Wallet.
Platform for buying and selling cryptocurrencies with low fees.
Enables cryptocurrency payments in shops and transfers worldwide.
Secure storage for cryptocurrencies with easy transfers.
Funding Insights of Krypto
Krypto has successfully raised a total of $974.66K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $537.47 thousand completed in March 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 $974,658
- Total Rounds 3
- Last Round Seed — $537,473
- First Round $33,688
(Nov 2020)
- Investors Count 26
All 3 funding rounds of Krypto 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 |
|---|---|---|---|---|---|
| Mar 2022 | $537,473 | Seed | $393.77M | Upsparks Capital, Hauz Khas Ventures | |
| Aug 2021 | $403,497 | Seed | $4.05M | Elevation Capital | – |
| Nov 2020 | $33,688 | Angel Round | $••••• | Devakar Venkatasamy, Ramanathan S | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $393.77M | •••••••• |
| Aug 2021 | $4.05M | •••••••• |
Last known valuation $393.77M (Mar 2022). 26 investors in total: 8 institutional and 18 angel.
Investors in Krypto
Krypto has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Pictor Labs, LetsVenture and Upsparks Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Micro venture capital fund focused on tech startups | 2020 | upsparks.vc | Bengaluru, India | |
Venture capital firm focused on early-stage companies | 2021 | hauzkhas.ventures | Bengaluru, India | |
Multiple sectors are targeted for investments by Breadlake Ventures. | breadlakeventures.tcc.mode | Bengaluru, India | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Commercial bank | lazrventures.tcc.mode | Mumbai, India | ||
AI-based tools for pathological image analysis are provided to labs. | 2019 | pictorlabs.ai | Los Angeles, United States | |
Tech-enabled SaaS-driven freight forwarding service provider | logx.tcc.mode | |||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
AD Aditi Divan | unknown_c450e29a79464bd2a | |||
AV Aaryamaan Vir | unknown_f7512fecd2454e7e8 |
Investor details for Krypto
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 Inventphile Ventures Private Limited (Krypto)
Inventphile Ventures Private Limited is the primary company behind Krypto. The board of Inventphile Ventures Private Limited currently have 2 directors; the longest-serving is Vaibhav Vats Shukla, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaibhav Vats Shukla DIN 08669255 | Director | 15 Jan 2020 | 6 yrs 9 mo | Inventphile Ventures Private Limited |
| Lakshminarayanan Bhuvaneswari Shaaran DIN 08669257 | Director | 15 Jan 2020 | 6 yrs 9 mo | Inventphile Ventures Private Limited |
People of Krypto
6 people are tracked at Krypto (4 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Gerhard Marschit | Marketing Director | Leadership |
Chethan Guthal | Vice President Operations | Leadership |
Bhavesh Praveen | Co-Founder | Leadership |
Lucky Singh Kachhawah | Operations Manager | Team |
Divya Gandotra Tandon | Media Advisor | Team |
Complete people profiles for Krypto
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Krypto
Figures of Inventphile Ventures Private Limited, the primary company behind Krypto, for FY 2020. Net loss was -₹7,200 (0% margin). EBITDA was -₹7,200 (0% margin).
- -₹7,200Net loss · 0% margin
- -₹7,200EBITDA · 0% margin
- ₹3.7 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Inventphile Ventures Private Limited are on its company page.
Detailed financial statements for Krypto
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 Krypto
4 dated milestones of Krypto across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Krypto is founded.
- Funding First funding round of $34K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $537K.
Web traffic of Krypto
The website of Krypto (letskrypto.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 1.4% vs previous month
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Frequently Asked Questions about Krypto
Krypto was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Krypto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shaaran Lakshminarayanan is the CEO of Krypto, as recorded in our data. They have also founded this company.
Krypto is a funded company, having raised a total of $974.66K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $33.69K, raised on Nov 2020.
Krypto was founded in 2019 in Bengaluru, India, within the cryptocurrency sector. An app-based platform is operated exclusively on Android, where buying, selling, and exchanging of cryptocurrencies are facilitated. Additional services for payments, deposits, withdrawals, and money transfers are provided to users. Operations focus on secure digital asset management in the Indian market.
Krypto offers Krypto Exchange, Krypto Pay, and Krypto Wallet.
Krypto has 26 investors. Key investors include Pictor Labs, LetsVenture, Upsparks Capital, Hauz Khas Ventures, and Lazr Ventures.
The valuation of Krypto is $393.77M as of Mar 2022.
Krypto operates through Inventphile Ventures Private Limited.
The legal entities of Krypto currently have 2 directors, including Vaibhav Vats Shukla, Lakshminarayanan Bhuvaneswari Shaaran.