Pi42 - About the company
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 2019 active competitors, including 209 funded and 44 that have exited. Its top competitors include companies like Coinbase, Kraken and N26.
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
Legal entities associated with Pi42
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 | $1.89M (As on Mar 31, 2025) | 55 (As on Oct 31, 2025) |
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Pi42's funding and investors
Pi42 has raised a total funding of $2.8M.
Pi42's founders and board of directors
Founder? Claim ProfileHere 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
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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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Pi42's Competitors and alternates
Top competitors of Pi42 include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of Pi42, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coinbase 2012, San Francisco (United States), Public | Online platform for crypto portfolio | $547M | 88/100 | |
2nd | Kraken 2011, Cheyenne (United States), Series D | Provider of an app-based trading and exchange platform for cryptocurrency | $867M | 86/100 | |
3rd | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 83/100 | ||
4th | Online trading and exchange platform for cryptocurrency | $331M | 82/100 | ||
5th |  KuCoin 2017, Mahe (Seychelles), Series A | Cryptocurrency exchange and trading platform | $180M | 82/100 | |
6th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
7th |  SwissBorg 2016, Lausanne (Switzerland), Series A | B2B robo advisory and crypto wealth management solution | $27M | 77/100 | |
8th |  CoinList 2017, San Francisco (United States), Series A | App-based trading platform for cryptocurrency | $119M | 77/100 | |
9th | Online trading platform for Bitcoin | $36.6M | 74/100 | ||
10th |  Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B | Online trading platform for cryptocurrency | $238M | 72/100 | |
172nd | Cryptocurrency trading platform | $2.8M | - | 39/100 |
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Pi42's Investments and acquisitions
Pi42 has made no investments or acquisitions yet.
Reports related to Pi42
Here is the latest report on Pi42's sector:
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