About WazirX
WazirX is a company based in Mumbai (India) founded in 2017 by Sameer Mhatre, Siddharth Menon, and Nischal Shetty was acquired by Binance Labs in November 2019. It operates as a FinTech, and Commission-Based. The company has 76 employees as of April 05, 2024. WazirX offers products and services including Cryptocurrency Trading. WazirX operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Mumbai, India
- Employees 76 as on 05 Apr, 2024
- Founders Sameer Mhatre, Siddharth Menon, Nischal Shetty
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Sectors
Financial Services
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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 Qizil21 Softwares Private Limited
- Date of Incorporation 20 Nov, 2019
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$4.44 M (USD)-89.96as on Mar 31, 2023
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Net Profit
$62.65 K (USD)-99.75as on Mar 31, 2023
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EBITDA
$82.52 K (USD)-99.76as on Mar 31, 2023
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Latest Funding Round
$2.9 M (USD), Token Sale
Feb 04, 2020
- Investors
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Employee Count
76
as on Apr 05, 2024
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Acquired by
Binance Labs
(Nov 21, 2019)
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Products & Services of WazirX
WazirX offers a comprehensive portfolio of products and services, including Cryptocurrency 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.
Platform for trading Bitcoin and other cryptocurrencies is provided.
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Funding Insights of WazirX
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $2.9M
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First Round
First Round
(04 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Token Sale - WazirX | Valuation |
investors |
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| 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 WazirX
WazirX has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include YZi Labs. 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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YZi Labs is recognized as an investment vehicle for impact.
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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 WazirX
| 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 - WazirX
| 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 |
Wazirx Comparisons
Competitors of WazirX
WazirX 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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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 Wazirx
Frequently Asked Questions about WazirX
When was WazirX founded?
WazirX was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is WazirX located?
WazirX is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of WazirX?
Nischal Shetty is the current CEO of WazirX. They have also founded this company.
How many employees does WazirX have?
As of Apr 05, 2024, the latest employee count at WazirX is 76.
What is the annual revenue of WazirX?
Annual revenue of WazirX is $4.44M as on Mar 31, 2023.
What does WazirX do?
WazirX is established as Indias leading cryptocurrency exchange and trading platform. Services are provided for buying, selling, and trading Bitcoin and various other cryptocurrencies. The platform is designed to cater to users seeking secure and efficient digital asset transactions within the financial technology sector.
Who are the top competitors of WazirX?
WazirX's top competitors include Blockchain, Gemini and FTX.
What products or services does WazirX offer?
WazirX offers Cryptocurrency Trading.
Who are WazirX's investors?
WazirX has 1 investor. Key investors include YZi Labs.
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