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. 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
- Founders Sameer Mhatre, Siddharth Menon, Nischal Shetty
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website wazirx.com
- Social LinkedIn X Facebook
- Acquired by Binance Labs (Nov 2019)
- Legal Name Qizil21 Softwares Private Limited
- Date of Incorporation 20 Nov, 2019
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹19.62 Cr
FY 2025 · -31% YoY
- Net Loss-₹2.67 Cr
FY 2025 · -14% margin
- EBITDA-₹2.54 Cr
FY 2025 · -13% margin
- Latest Funding Round$2.9M (USD), Token Sale
Feb 2020
- Investors
- Employee Count76
- Acquired byBinance Labs
(Nov 2019)
Associated legal entities of WazirX
WazirX is associated with 2 registered companies on The Company Check; the primary company is Qizil21 Softwares Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qizil21 Softwares Private Limited CIN U72900MH2019PTC333331 | Active | 20 Nov 2019 | Thane, Maharashtra | ₹19.6 Cr | 76 | 4 | View details |
| Zanmai Labs Private Limited CIN U72900MH2017PTC303170 | Active | 21 Dec 2017 | Mumbai, Maharashtra | ₹22.0 Cr | – | 6 | View details |
Products & Services of WazirX
WazirX offers a comprehensive portfolio of products and services, including Cryptocurrency Trading.
Platform for trading Bitcoin and other cryptocurrencies is provided.
Funding Insights of WazirX
- Total Rounds 1
- Last Round Token Sale — $2.9M
- First Round $2.9M
(Feb 2020)
All 1 funding rounds of WazirX 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 |
|---|---|---|---|---|---|
| Feb 2020 | $2.9M | Token Sale | – | – | – |
1 investors in total: 1 institutional.
Investors in WazirX
WazirX has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include YZi Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
YZi Labs is recognized as an investment vehicle for impact. | – | labs.binance.com | - |
Investor details for WazirX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Qizil21 Softwares Private Limited (WazirX)
Qizil21 Softwares Private Limited is the primary company behind WazirX. The boards of the 2 registered companies of WazirX currently have 8 directors; the longest-serving is Nischal Shetty, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nischal Shetty DIN 05171543 | Director | 21 Dec 2017 | 8 yrs 9 mo | Zanmai Labs Private Limited, Qizil21 Softwares Private Limited |
| Sameer Hanuman Mhatre DIN 05171548 | Director | 21 Dec 2017 | 8 yrs 9 mo | Zanmai Labs Private Limited, Qizil21 Softwares Private Limited |
| Muthuswamy Iyer DIN 10054859 | Director | 06 Mar 2023 | 3 yrs 7 mo | Zanmai Labs Private Limited |
| Tushar Patel DIN 10046498 | Director | 06 Mar 2023 | 3 yrs 7 mo | Zanmai Labs Private Limited |
| Sriram Subramanian DIN 07347230 | Director | 21 Mar 2024 | 2 yrs 6 mo | Qizil21 Softwares Private Limited |
| Ranjitkumar Pandey DIN 09489250 | Director | 25 Aug 2024 | 2 yrs 1 mo | Zanmai Labs Private Limited |
| Rohit Kumar DIN 09644211 | Director | 25 Jun 2025 | 1 yr 3 mo | Qizil21 Softwares Private Limited |
| Sumit Bhavanji Patel DIN 11524981 | Additional Director | 17 Feb 2026 | 7 mo | Zanmai Labs Private Limited |
People of WazirX
32 people are tracked at WazirX (7 in leadership, 25 in team); the tracked headcount is 76.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Siddharth Menon | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Rinkal Kevat | Senior Director Engineering | Leadership |
| Vice President - Finance | Leadership | |
Deepak J. | Associate Director Engineering | Leadership |
| Associate Director | Leadership | |
Kunal U Jain | Associate Manager (operations & Escalation) | Team |
Shashank Raut | Manager - Public Policy & Government Affairs | Team |
Dheeraj Kumar Tiwari | Software Developer Engineer IV | Team |
Shelly Champramary | Senior Manager - Customer Happiness | Team |
Shamita Shetty | Senior Finance Executive | Team |
Ayushi Gupta | Senior Software Developer At Wazirx | Team |
Farheen Khan | QA Engineer | Team |
Vishwajit D | Team Lead - Service And Risk Operations | Team |
Anam Habeeb | Senior Software Developer | Team |
Ashish Jain | Software Engineer- QA III | Team |
Sunil Kalyan | Senior Software Engineer | Team |
Pranav Panchal | Ios Developer IV | Team |
Sanjeev Natarajan | SDE III | Team |
12 more people are available in the full profile.
Complete people profiles for WazirX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of WazirX
Figures of Qizil21 Softwares Private Limited, the primary company behind WazirX, for FY 2025. Revenue was ₹19.62 Cr (-31% year on year). Net loss was -₹2.67 Cr (-14% margin). EBITDA was -₹2.54 Cr (-13% margin). Revenue has grown at a compounded annual rate of -62% over three years and +11% over five years.
- ₹19.62 CrRevenue · FY 2025 · -31% YoY
- -₹2.67 CrNet loss · -14% margin
- -₹2.54 CrEBITDA · -13% margin
- ₹1 LakhPaid-up capital
- 76Employees (provident fund records)
- -62%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Qizil21 Softwares Private Limited are on its company page.
Detailed financial statements for WazirX
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of WazirX
3 dated milestones of WazirX across 3 years, from founding to its latest funding, stage changes and deals.
- Founded WazirX is founded.
- Exit Acquired by Binance Labs.
- Funding First funding round of $2.9M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gemini.com | 2014 | New York, United States | $423.9M | 551 | Platform offering crypto exchange solutions | |
| ftx.com | 2019 | Nassau, Bahamas | $1.73B | 41 | Cryptocurrency trading is facilitated through an online platform. | |
| blockchain.com | 2011 | London, United Kingdom | $700M | – | App-based platform for exchange and trading solutions for cryptocurrency | |
| bitstamp.net | 2011 | London, United Kingdom | $11.37M | – | Cryptocurrencies are bought, sold, and exchanged via a mobile app. | |
| pdax.ph | 2017 | Makati, Philippines | $62.5M | – | Online exchange platform for cryptocurrencies | |
| bit2me.com | 2015 | Valencia, Spain | $83.22M | – | Online platform for crypto exchange | |
| liquid.com | 2014 | Japan | $20M | – | Digital assets are exchanged through an online platform. | |
| bithumb.com | 2013 | Seoul, South Korea | $200M | – | Cryptocurrency exchange services are operated in South Korea by Bithumb. | |
| bitmart.com | 2017 | New York, United States | – | – | Cryptocurrency trading is supported via a mobile application platform. | |
| dunamu.com | 2012 | Seoul, South Korea | $138.18M | – | Cryptocurrency is exchanged, bought, and sold via an online platform. |
Detailed competitors of WazirX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of WazirX
The website of WazirX (wazirx.com) receives about 439.3K visits a month and ranks #80,490 among all websites worldwide, #5,066 in Investing.
- Monthly visits439.3K
▲ 11.4% vs previous month
- Unique visitors175K
per month
- Global rank#80,490
among all websites
- Category rank#5,066
Finance · Investing
- Bounce rate41%
- Pages per visit7.1
- Average visit2 min 28 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with WazirX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| coindcx.com | 100% | 1.5M | #31,158 | View details | |
| binance.com | 88% | 48.2M | #741 | View details | |
| mudrex.com | 85% | 220.9K | #190,396 | View details | |
| tradingview.com | 75% | 248.1M | #118 | View details | |
| zebpay.com | 72% | 253.4K | #155,029 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for WazirX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Wazirx
Complete news archive for WazirX
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to WazirX
10 companies that operate in the same segment as WazirX (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about WazirX
WazirX was founded in 2017 and raised its 1st funding round 3 years after it was founded.
WazirX is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nischal Shetty is the current CEO of WazirX. They have also founded this company.
WazirX has 76 employees.
The primary company behind WazirX, Qizil21 Softwares Private Limited, reported revenue of ₹19.62 Cr for FY 2025, down 31% year on year.
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.
WazirX's top competitors include Blockchain, Gemini and FTX.
WazirX offers Cryptocurrency Trading.
WazirX has 1 investor. Key investors include YZi Labs.
WazirX is associated with 2 legal entities: Qizil21 Softwares Private Limited, Zanmai Labs Private Limited.
Yes. WazirX was acquired by Binance Labs in November 2019.
The legal entities of WazirX currently have 8 directors, including Nischal Shetty, Sameer Hanuman Mhatre, Ranjitkumar Pandey and others.