Where is Pi42 located?

Pi42 is headquartered in Ahmedabad, India. It is registered at Ofc 1328, 13th Floor, Gala Empire, Opp T V Tower, Drive in Road, Memnagar, Thaltej Road, Ahmedabad, Ahmadabad City, Gujarat, India, 380054.

Who is the current CEO of Pi42?

Avinash Shekhar of Pi42. They have also founded 1 company.

Which legal entities is Pi42 associated with?

Pi42 is associated with LIGHTNINGNODES TECHNOLOGIES PRIVATE LIMITED.

How many employees does Pi42 have?

As of Oct 31, 2025, the latest employee count at Pi42 is 55.

Where does Pi42 rank among its competitors?

Pi42 ranks 174th amongst 2074 active competitors, of which 215 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Wealthsimple, which secured $393M in Oct, 2025.

Who are the top competitors of Pi42?

Pi42's top competitors include Coinbase, Bitso and KuCoin. Among them, Wealthsimple secured the most recent funding round in October, 2025.

Pi42 - 2026 Company Profile, Team & Competitors

Pi42 is an early stage company based in Ahmedabad (India), founded in 2023 by Nischal Shetty and Avinash Shekhar. It operates as a Cryptocurrency trading platform. Pi42 has raised $2.8M in funding. The company has 2074 active competitors, including 215 funded and 45 that have exited. Its top competitors include companies like Coinbase, Bitso and KuCoin.

Company Details

Pi42 is India’s first crypto-INR derivatives exchange, offering perpetual futures and options settled in Indian rupees. Available for download on both Android and iOS, our platform gives you local-currency access, high-performance trading tools tailored for Indian users, and a seamless experience that’s built around speed, clarity, and compliance.

Website: pi42.com
Social
Email ID: *****@pi42.com
Registered Address: Ofc 1328, 13th Floor, Gala Empire, Opp T V Tower, Drive in Road, Memnagar, Thaltej Road, Ahmedabad, Ahmadabad City, Gujarat, India, 380054

Key Metrics

Founded Year

2023

Location

Ahmedabad, India

Stage

Early Stage

Total Funding

$2.8M

Ranked

174^th among 2074 active competitors

Employee Count

55 as on Oct 31, 2025

Similar Companies

Coinbase & 4275 more

View Pi42's full profile

Pi42 is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LIGHTNINGNODES TECHNOLOGIES PRIVATE LIMITED CIN: U62099GJ2023PTC143842 , India, Active	Aug 16, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	55 (As on Oct 31, 2025)

Pi42 has raised a total funding of $2.8M.

The founders of Pi42 are Nischal Shetty and Avinash Shekhar. Avinash Shekhar is the CEO of Pi42.

Here are the details of Pi42's key team members:

Nischal Shetty: Co-Founder of Pi42.
Contact Info: 1 email address
Avinash Shekhar: Co-Founder & CEO of Pi42.
Contact Info: 1 email address and 1 phone number

Pi42's Board of Directors

Pi42's board has 2 active members. Avinash Shekhar is part of team and Devesh Sancheti is independent board member.

Here is the list of Pi42's board of directors:

Name	Type	Representing	Status	Duration
Avinash Shekhar	Team	-	Current	2y 11m
Devesh Sancheti	Independent board member	-	Current	1y 8m

View details of Pi42's Founder profiles and Board Members

Pi42's employee count trend

Pi42 has 55 employees as of Oct 25. The total employee count is 34.0% more than what it was in Oct 24. Here is Pi42's employee count trend over the years:

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Top competitors of Pi42 include Coinbase, Bitso and KuCoin. Here is the list of Top 10 competitors of Pi42, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	DFJ Growth, Tiger Global Management & 146 others	87/100
2nd	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	Tiger Global Management, QED Investors & 38 others	83/100
3rd	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	Jump Crypto, IDG Capital & 11 others	82/100
4th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Accomplice, Polychain & 36 others	80/100
5th	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Allianz X & 49 others	78/100
6th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, Meritech & 39 others	77/100
7th	Sygnum 2017, Zurich (Switzerland), Series C	Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets	$218M	SBI Digital Asset Holdings, Fulgur Ventures ... & 13 others	75/100
8th	SwissBorg 2016, Lausanne (Switzerland), Series A	B2B robo advisory and crypto wealth management solution	$27M	Swiss ICT Investor Club, London Real Ventures ... & 1 others	74/100
9th	Voyager 2017, New York City (United States), Public	App-based trading platform for cryptocurrency	-	EDBI, Karman & 19 others	73/100
10th	AscendEX 2018, Singapore (Singapore), Series B	Online trading and exchange platform for cryptocurrencies	$63M	Hack VC, Polychain & 20 others	73/100
174th	Pi42 2023, Ahmedabad (India), Early Stage	Cryptocurrency trading platform	$2.8M	-	39/100