About Pi42
Pi42 is a company based in Ahmedabad (India) founded in 2008 by Avinash Shekhar and Nischal Shetty. It operates as a D2C, and Marketplace. The company has 47 employees as of March 31, 2024. Pi42 offers products and services including Crypto-INR Perpetual Futures Platform and API Trading. Pi42 operates in a competitive market with competitors including KuCoin, Bitso, Coinsquare, Coinbase and Kraken, among others.
- Headquarter Ahmedabad, India
- Employees 47 as on 31 Mar, 2024
- Founders Avinash Shekhar, Nischal Shetty
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Lightningnodes Technologies Private Limited
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$146.95 K (USD)0as on Mar 31, 2024
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Net Profit
$-92.42 K (USD)0as on Mar 31, 2024
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EBITDA
$-84.16 K (USD)0as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
47
as on Mar 31, 2024
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Products & Services of Pi42
Pi42 offers a comprehensive portfolio of products and services, including Crypto-INR Perpetual Futures Platform and API Trading. 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.
Enables trading of crypto futures with INR settlement and high leverage.
Provides programmatic access for automated crypto trading operations.
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Funding Insights of Pi42
| 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 |
Investments & Acquisitions by Pi42
| 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 - Pi42
| 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 |
Pi42 Comparisons
Competitors of Pi42
Pi42 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 KuCoin, Bitso, Coinsquare, Coinbase and Kraken, 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 |
Cryptocurrencies are bought, sold, and traded via this exchange platform.
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| domain | founded_year | HQ Location |
Cryptocurrencies are traded and exchanged through an online platform.
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| domain | founded_year | HQ Location |
Digital assets are bought, sold, and traded on Coinsquare.
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| domain | founded_year | HQ Location |
Cryptocurrency trading, storage, and exchange services are offered online.
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| domain | founded_year | HQ Location |
Provider of an app-based trading and exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Online robo advisory and stock trading services are provided.
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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 Pi42
Frequently Asked Questions about Pi42
When was Pi42 founded?
Pi42 was founded in 2008.
Where is Pi42 located?
Pi42 is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Pi42?
Avinash Shekhar is the current CEO of Pi42. They have also founded this company.
How many employees does Pi42 have?
As of Mar 31, 2024, the latest employee count at Pi42 is 47.
What is the annual revenue of Pi42?
Annual revenue of Pi42 is $146.95K as on Mar 31, 2024.
What does Pi42 do?
Pi42 operates as Indias first crypto-INR perpetual futures trading exchange, allowing users to trade digital assets like Bitcoin and Ethereum against the Indian Rupee. It features high leverage, fast execution, and tools for risk management such as stop losses. Based in Ahmedabad, Gujarat, it serves individual traders and investors through an app and web platform, emphasizing tax-efficient strategies and referral programs to enhance user engagement.
What products or services does Pi42 offer?
Pi42 offers Crypto-INR Perpetual Futures Platform and API Trading.