About Toqn
Toqn is a Retail company based in Bengaluru (India) founded in 2019 by Dhanush Samdaria M, Nishtashri Srinivasan, Vishwas Jain, and Divya Jain. Customized jewelry is offered through an online platform. Toqn has raised $256.31 thousand across 1 funding round from investors including Love Mehta, Pramod Inderchand and Namrata. Toqn was last valued at $4.31 million in June 2022. Its chief executive, as recorded, is Divya Jain. Its Indian entity Coinedge International Private Limited reported revenue of ₹2.32 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Accessories. Its competitors include Chateauvince Solitaires, Ornaz and Gehna; 1 of its 3 listed competitors has raised funding.
Company details
Toqn was established in 2019 in Bengaluru, India, as an e-commerce platform in the jewelry sector. Products including rings, necklaces, bracelets, and earrings are produced to order. Customization is facilitated through selections of materials, engravings, and design elements. These items are designed for personal use, gifting, and events, with operations centered on online accessibility for customers.
- Headquarters Bengaluru, India
- Founders Dhanush Samdaria M, Nishtashri Srinivasan, Vishwas Jain, Divya Jain
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website toqn.in
- Social LinkedIn Facebook
- Legal Name Coinedge International Private Limited
- Date of Incorporation 11 Jul, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.32 Cr
FY 2024 · -9% YoY
- Net Loss-₹53 Lakh
FY 2024 · -23% margin
- EBITDA-₹48.7 Lakh
FY 2024 · -21% margin
- Total Equity Funding$256.31K (USD)
in 1 rounds
- Latest Funding Round$256.31K (USD), Angel Round
Jun 2022
Associated legal entities of Toqn
Toqn operates through Coinedge International 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 |
|---|---|---|---|---|---|---|---|
| Coinedge International Private Limited CIN U36900KA2019PTC126140 | Active | 11 Jul 2019 | Bangalore, Karnataka | ₹2.3 Cr | 2 | View details |
Funding Insights of Toqn
Toqn has successfully raised a total of $256.31K through 1 strategic funding round. The most recent funding activity was a Angel Round of $256.31 thousand 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 $256,312
- Total Rounds 1
- Last Round Angel Round — $256,312
- First Round $256,312
(Jun 2022)
- Investors Count 8
All 1 funding rounds of Toqn 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 |
|---|---|---|---|---|---|
| Jun 2022 | $256,312 | Angel Round | $4.31M | Love Mehta, Pramod Inderchand |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $4.31M | •••••••• |
Last known valuation $4.31M (Jun 2022). 8 investors in total: 0 institutional and 8 angel.
Investors in Toqn
Toqn has secured backing from 8 investors, including angel investors. Prominent investors backing the company include Love Mehta, Pramod Inderchand and Namrata.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LM Love Mehta | unknown_240bb0941fed4a32b | |||
PI Pramod Inderchand | unknown_99bcfa7df81d46e38 | |||
N Namrata | Angel investor, ex-MD at Deutsche Bank, focused on fintech and startups | unknown_668d752043bb4cd4a | ||
AK Ashok Kumar Pitaliya | unknown_af18c9bb83cc4e4e8 | |||
PV Payal V Jain | unknown_afc4d13ac02a4a178 | |||
G Geetha | unknown_e910da739fd74ea6a | |||
MB Megha Bohra | unknown_0f6d8b3dad354dbb9 | |||
SK Simran Khubchandani | unknown_7307a9c0ac094d9cb |
Investor details for Toqn
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Coinedge International Private Limited (Toqn)
Coinedge International Private Limited is the primary company behind Toqn. The board of Coinedge International Private Limited currently have 2 directors; the longest-serving is Divya Jain, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Divya Jain DIN 08902313 | Director | 01 Oct 2020 | 6 yrs 1 mo | Coinedge International Private Limited |
| Nishtashri Srinivasan DIN 07412463 | Director | 01 Jan 2022 | 4 yrs 10 mo | Coinedge International Private Limited |
People of Toqn
4 people are tracked at Toqn (4 in leadership).
| Name | Role | Group |
|---|---|---|
Dhanush Samdaria M | Co-Founder & CTO | Leadership |
| Co-Founder | Leadership | |
Vishwas Jain | Co-Founder & COO | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Toqn
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Verified entity values are shown only after access is granted.
Financials of Toqn
Figures of Coinedge International Private Limited, the primary company behind Toqn, for FY 2024. Revenue was ₹2.32 Cr (-9% year on year). Net loss was -₹53 Lakh (-23% margin). EBITDA was -₹48.7 Lakh (-21% margin). Revenue has grown at a compounded annual rate of +511% over three years.
- ₹2.32 CrRevenue · FY 2024 · -9% YoY
- -₹53 LakhNet loss · -23% margin
- -₹48.7 LakhEBITDA · -21% margin
- ₹10.6 LakhPaid-up capital
- +511%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Coinedge International Private Limited are on its company page.
Detailed financial statements for Toqn
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Toqn
3 dated milestones of Toqn across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Toqn is founded.
- Funding First funding round of $256K.
- Milestone Reaches Minicorn status.
Competitors of Toqn
Toqn has 3 listed competitors in our database, 1 of them funded. They include Chateauvince Solitaires, Ornaz and Gehna.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chateauvince.com | 2017 | Panchkula, India | Offers custom designer jewelry including rings, earrings, and pendants for individual clients. | |||
| ornaz.com | 2016 | Gurugram, India | $47,965 | 9 | Gold and diamond jewellery is retailed online by Ornaz. | |
| gehnaindia.com | 1996 | Chennai, India | Sells personalized handmade jewelry online and in physical stores. |
Detailed competitors of Toqn
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Toqn (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Toqn
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Frequently Asked Questions about Toqn
Toqn was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Toqn is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Divya Jain is the CEO of Toqn, as recorded in our data. They have also founded this company.
Toqn is a funded company, having raised a total of $256.31K across 1 funding round to date. The company's 1st funding round was a Angel Round of $256.31K, raised on Jun 2022.
The primary company behind Toqn, Coinedge International Private Limited, reported revenue of ₹2.32 Cr for FY 2024, down 9% year on year.
Toqn was established in 2019 in Bengaluru, India, as an e-commerce platform in the jewelry sector. Products including rings, necklaces, bracelets, and earrings are produced to order. Customization is facilitated through selections of materials, engravings, and design elements. These items are designed for personal use, gifting, and events, with operations centered on online accessibility for customers.
Toqn's top competitors include Ornaz, Chateauvince Solitaires and Gehna.
Toqn has 8 investors. Key investors include Love Mehta, Pramod Inderchand, Namrata, Ashok Kumar Pitaliya, and Payal V Jain.
The valuation of Toqn is $4.31M as of Jun 2022.
Toqn operates through Coinedge International Private Limited.
The legal entities of Toqn currently have 2 directors, including Divya Jain, Nishtashri Srinivasan.