About Polkadex
Polkadex is a Financial Services company based in Tallinn (Estonia) founded in 2020 by Deepansh S and Vivek Prasannan. Online trading of cryptocurrencies is facilitated through a specialized platform. Polkadex has raised $3 million across 2 funding rounds from investors including QCP Capital, ldlci.com and Kenetic Capital. The company has 1 employees. Its chief executive, as recorded, is Deepansh S. Its Indian entity Polkadex Labs Private Limited reported revenue of ₹2.34 Cr. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Online Trading Platforms.
Company details
Polkadex was founded in 2020 in Tallinn, Estonia, as a decentralized exchange in the cryptocurrency sector. Operations include an order matching protocol that alternates between automated market maker and order book models to manage liquidity for traders and market makers. Services encompass trading bots for retail and institutional investors, integration with liquidity providers, non-custodial wallets, decentralized KYC processes, fiat currency support, and institutional-grade liquidity provisions.
- Headquarters Tallinn, Estonia
- Employees 1
- Founders Deepansh S, Vivek Prasannan
- SectorsFinancial Services
- Website polkadex.trade
- Social LinkedIn X
- Legal Name Polkadex Labs Private Limited
- Date of Incorporation 03 Nov, 2022
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹2.34 Cr
FY 2024 · +1041% YoY
- Indian entity net profit₹11.5 Lakh
FY 2024 · 5% margin
- Indian entity EBITDA₹16.4 Lakh
FY 2024 · 7% margin
- Total Equity Funding$3M (USD)
in 2 rounds
- Latest Funding Round$4.39M (USD), Token Sale
Apr 2021
- InvestorsQCP Capital
& 16 more
- Employee Count1
Associated legal entities of Polkadex
Polkadex operates through Polkadex 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 |
|---|---|---|---|---|---|---|---|
| Polkadex Labs Private Limited CIN U72200KA2022PTC167632 | Active | 03 Nov 2022 | Bangalore, Karnataka | ₹2.3 Cr | 3 | View details |
Funding Insights of Polkadex
Polkadex has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $4.39 million completed in April 2021. 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 $3M
- Total Rounds 2
- Last Round Token Sale — $4.39M
- First Round $3M
(Mar 2021)
- Investors Count 17
All 2 funding rounds of Polkadex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
17 investors in total: 17 institutional.
Investors in Polkadex
Polkadex has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include QCP Capital, ldlci.com and Kenetic Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in via a funds-of-funds approach. | kenetic.capital | Hong Kong, China | ||
Blockchain-based startups are funded by NGC venture capital firm. | ngc.fund | Shanghai, China | ||
Blockchain sectors are targeted for investments by AU21 Capital. | au21.capital | San Francisco, United States | ||
Venture capital firm focused on tech sectors | blocksync.com | London, United Kingdom | ||
Early-stage blockchain projects are targeted for investment by Genblock Capital. | genblock.capital | San Francisco, United States | ||
Web3 startups are accelerated and supported by Outlier Ventures. | outlierventures.io | |||
Venture capital fund focused on blockchain startups | gbic.io | New York, United States | ||
Blockchain sectors are invested in by Waterdrip Capital. | waterdrip.io | Shanghai, China | ||
Multiple sectors are invested in by JRR venture capital fund. | jrr.group | |||
Blockchain startups are funded and technically consulted by BTX Capital. | btx.capital | Shanghai, China |
Investor details for Polkadex
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 Polkadex Labs Private Limited (Polkadex)
Polkadex Labs Private Limited is the primary company behind Polkadex. The board of Polkadex Labs Private Limited currently have 3 directors; the longest-serving is Vivek Prasannan, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Prasannan DIN 01088640 | Director | 03 Nov 2022 | 4 yrs | Polkadex Labs Private Limited |
| Gautham Jayasankar DIN 09781909 | Director | 03 Nov 2022 | 4 yrs | Polkadex Labs Private Limited |
| Deepansh Singh DIN 09781910 | Director | 03 Nov 2022 | 4 yrs | Polkadex Labs Private Limited |
People of Polkadex
3 people are tracked at Polkadex (2 in leadership, 1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Deepansh S | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership | |
Vladyslav Vovchenko | Social Media Ambassador | Team |
Complete people profiles for Polkadex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of Polkadex
Figures of Polkadex Labs Private Limited, the primary company behind Polkadex, for FY 2024. Revenue was ₹2.34 Cr (+1041% year on year). Net profit was ₹11.5 Lakh (5% margin). EBITDA was ₹16.4 Lakh (7% margin).
- ₹2.34 CrRevenue · FY 2024 · +1041% YoY
- ₹11.5 LakhNet profit · 5% margin
- ₹16.4 LakhEBITDA · 7% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Polkadex Labs Private Limited are on its company page.
Detailed financial statements for Polkadex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Polkadex
3 dated milestones of Polkadex across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Polkadex is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Token Sale, of $4.4M.
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Related news about Polkadex
Complete news archive for Polkadex
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Frequently Asked Questions about Polkadex
Polkadex was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Polkadex is headquartered in Tallinn, Estonia.
Deepansh S is the CEO of Polkadex, as recorded in our data. They have also founded this company.
Polkadex is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Mar 2021.
Polkadex has 1 employees.
The primary company behind Polkadex, Polkadex Labs Private Limited, reported revenue of ₹2.34 Cr for FY 2024, up 1041% year on year.
Polkadex was founded in 2020 in Tallinn, Estonia, as a decentralized exchange in the cryptocurrency sector. Operations include an order matching protocol that alternates between automated market maker and order book models to manage liquidity for traders and market makers. Services encompass trading bots for retail and institutional investors, integration with liquidity providers, non-custodial wallets, decentralized KYC processes, fiat currency support, and institutional-grade liquidity provisions.
Polkadex has 17 investors. Key investors include QCP Capital, ldlci.com, Kenetic Capital, NGC, and AU21 Capital.
Polkadex operates through Polkadex Labs Private Limited.
The legal entities of Polkadex currently have 3 directors, including Vivek Prasannan, Gautham Jayasankar, Deepansh Singh.