When was CoinSwitch founded?

CoinSwitch was founded in 2017 and became a unicorn in 2021, reaching the milestone in 4 years. It raised its 1st funding round 1 year after its incorporation.

Where is CoinSwitch located?

CoinSwitch is headquartered in Chennai, India. It is registered at C/o Awfis, 6th Floor, Valence Block, Prestige Tech Park, Marathahalli Ring Road, Outer Ring Road, Bellandur, Bangalore, Bangalore South, Karnataka, India, 560103.

Who is the current CEO of CoinSwitch?

Ashish Singhal of CoinSwitch. They have also founded 2 companies and are angel investors in 5 startups, including Lemonn and CRUXPay.

Which legal entities is CoinSwitch associated with?

CoinSwitch is associated with CHAIN LABS PRIVATE LIMITED and 2 others.

How many employees does CoinSwitch have?

As of Aug 31, 2025, the latest employee count at CoinSwitch is 289.

Is CoinSwitch a funded company?

CoinSwitch is a funded company, having raised a total of $302M across 4 funding rounds to date. The company's 1st funding round was a $1.5M Seed round, raised on Mar 23, 2018.

How much is CoinSwitch worth?

The latest valuation of CoinSwitch is $1.91B as of Oct 06, 2021.

When was the latest funding round of CoinSwitch?

CoinSwitch's latest funding was a $260M Series C round on Oct 06, 2021, with participation from 7 investors.

What is the annual revenue of CoinSwitch?

Annual revenue of CoinSwitch is between $10M and $50M as on Mar 31, 2025

Is CoinSwitch a Cryptocurrencies company?

The primary sector of CoinSwitch is Cryptocurrencies.

Where does CoinSwitch rank among its competitors?

CoinSwitch ranks 9th amongst 2099 active competitors, of which 194 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Uphold, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of CoinSwitch?

CoinSwitch's top competitors include Binance, Blockchain and Uphold. Among them, Uphold secured the most recent funding round in April, 2026.

CoinSwitch - 2026 Company Profile, Team, Funding, Competitors & Financials

CoinSwitch is a series C company based in Chennai (India), founded in 2017 by Ashish Singhal. It operates as a Broker-based online crypto trading and exchange platform. CoinSwitch has raised $302M in funding from investors like Tiger Global Management, Ribbit Capital and Paradigm, with a current valuation of $1.91B. The company has 2099 active competitors, including 194 funded and 74 that have exited. Its top competitors include companies like Binance, Blockchain and Uphold.

Sectors and market segments that CoinSwitch operate in

CoinSwitch serves in the FinTech, Blockchain Technology market segments.The primary business model of CoinSwitch are:

Company Details

Broker-based online crypto trading and exchange platform. It enables users to buy, sell, and trade a wide range of digital assets using Indian Rupees. It aggregates liquidity from multiple crypto exchanges to present competitive real-time pricing and unified portfolio management. Its services include spot trading, futures contracts with leverage, systematic investment plans, and automated trading bots suited for both novice and advanced users. It provides secure infrastructure, encryption protocols, and proof-of-reserve practices to enhance fund safety. Trading tools include limit orders, charting interfaces through integrations, and API access for automation workflows.

Website: coinswitch.co
Social
Email ID: *****@coinswitch.co
Part Of
Registered Address: C/o Awfis, 6th Floor, Valence Block, Prestige Tech Park, Marathahalli Ring Road, Outer Ring Road, Bellandur, Bangalore, Bangalore South, Karnataka, India, 560103

Key Metrics

Founded Year

2017

Location

Chennai, India

Stage

Series C

Total Funding

$302M in 4 rounds

Latest Funding Round

Series C, Oct 06, 2021, $260M

Post Money Valuation

$1.91B as on Oct 06, 2021

Investors

Tiger Global Management & 14 more

Ranked

9^th among 2099 active competitors

Annual Revenue

$10M - $50M as on Mar 31, 2025

Employee Count

289 as on Aug 31, 2025

Investment & Acquisitions

Uniblock & 10 more

Similar Companies

Binance & 4576 more

View CoinSwitch's full profile

CoinSwitch is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
CHAIN LABS PRIVATE LIMITED CIN: 201800320C , Singapore, Active		$10M - $50M (As on Mar 31, 2025)	-
BITCIPHER LABS LLP CIN: AAM-0533 , India, Active	Feb 20, 2018	₹100 - ₹500 Cr (As on Mar 31, 2025)	2 (As on Jan 01, 2026)
BITKUBER INVESTMENTS PRIVATE LIMITED CIN: U65990TN2021PTC191472 , India, Active	Mar 09, 2021	₹50 - ₹100 Cr (As on Mar 31, 2025)	287 (As on Aug 01, 2025)

CoinSwitch has raised a total funding of $302M over 4 rounds. Its first funding round was on Mar 23, 2018. Its latest funding round was a Series C round on Oct 06, 2021 for $260M. 7 investors participated in its latest round. CoinSwitch has 10 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of CoinSwitch:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 06, 2021	$260M	Series C	$1.91B	76.0x	Andreessen Horowitz, ventures.coinbase.com, Ribbit Capital, Tiger Global Management, Paradigm	Peak XV Partners, Coinbase
Apr 22, 2021	$25M	Series B	$500M	41.9x	Tiger Global Management	-
Jan 13, 2021	$15M	Series A	-	-	Ribbit Capital, Paradigm	Kunal Naresh Shah, Peak XV Partners

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View details of CoinSwitch's funding rounds and investors

The founders of CoinSwitch is Ashish Singhal. Ashish Singhal is the CEO of CoinSwitch.

Here are the details of CoinSwitch's key team members:

Ashish Singhal: Co-Founder & CEO of CoinSwitch and founder of 2 other companies, Lemonn and CRUXPay. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

CoinSwitch's Board of Directors

CoinSwitch's board has 4 active members. Ashish Singhal, Govind Soni and Vimal Sagar Tiwari are part of team and Beh Thiam Hock is independent board member.

Here is the list of CoinSwitch's board of directors:

Name	Type	Representing	Status	Duration
Ashish Singhal	Team	-	Current	8y 4m
Govind Soni	Team	-	Current	8y 4m
Vimal Sagar Tiwari	Team	-	Current	8y 4m
Beh Thiam Hock	Independent board member	-	Current	8y 4m
Goh Sze Hui	Independent board member	-	Past	0y 1m
Hirji Asiff S	Independent board member	-	Past	0y 11m

View details of CoinSwitch's Founder profiles and Board Members

CoinSwitch's employee count trend

CoinSwitch has 289 employees as of Aug 25. The total employee count is 18.0% lower than what it was in Aug 24. Here is CoinSwitch's employee count trend over the years:

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Top competitors of CoinSwitch include Binance, Blockchain and Uphold. Here is the list of Top 10 competitors of CoinSwitch, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Binance 2017, Abu Dhabi (United Arab Emirates), Series C	Online exchange platform for cryptocurrency	$2.02B	Sequoia Capital, Fancheng Holdings & 43 others	83/100
2nd	Blockchain 2011, London (United Kingdom), Series E	App-based platform for exchange and trading solutions for cryptocurrency	$700M	Lightspeed Venture Partners, Kingsway Capital ... & 29 others	82/100
3rd	Uphold 2013, San Francisco (United States), Series B	Digital assets trading platform offering trading services for cryptocurrencies, stablecoins, and precious metals	$73.2M	Hard Yaka, Integra Partners & 7 others	82/100
4th	Kraken 2011, Cheyenne (United States), Series D	Provider of a multi-asset trading platform	$866M	Hummingbird Ventures, Citadel Securities ... & 126 others	82/100
5th	Uniswap 2018, New York City (United States), Series B	Provider of a decentralized exchange platform for cryptocurrency	$176M	Andreessen Horowitz, Polychain & 51 others	79/100
6th	Gemini 2014, New York City (United States), Public	Platform offering crypto exchange solutions	$424M	Morgan Creek Capital Management, Winklevoss Capital ... & 28 others	79/100
7th	FTX 2019, Nassau City (Bahamas), Series C	Online platform for trading in cryptocurrency	$1.73B	Temasek, SoftBank & 70 others	77/100
8th	PDAX 2017, Makati (Philippines), Series B	Online exchange platform for cryptocurrencies	$62.5M	Tiger Global Management, BitMEX & 13 others	77/100
9th	CoinSwitch 2017, Chennai (India), Series C	Broker-based online crypto trading and exchange platform	$302M	Tiger Global Management, Ribbit Capital & 13 others	76/100
10th	CoinDCX 2018, Mumbai (India), Series D	Cryptocurrency exchange and trading service provider	$247M	Polychain, Bain Capital Ventures & 32 others	76/100

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CoinSwitch has not made any acquisitions yet. CoinSwitch has made 11 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 31, 2026	Investments	Uniblock	2022	San Francisco (United States)
Feb 26, 2025	Investments	FanTV	2023	Dubai (United Arab Emirates)
Sep 16, 2024	Investments	LogX	2021	George Town (Cayman Islands)