When was tanX founded?

tanX was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is tanX located?

tanX is headquartered in Bengaluru, India.

Who is the current CEO of tanX?

Shaaran Lakshminarayanan of tanX. They have also founded 1 company.

How many employees does tanX have?

As of May 31, 2026, the latest employee count at tanX is 28.

Is tanX a funded company?

tanX is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Sep 07, 2023.

How much is tanX worth?

The latest valuation of tanX is $***** as of Sep 07, 2023.

When was the latest funding round of tanX?

tanX's latest funding was a $***** Series A round on Sep 07, 2023, with participation from 7 investors.

Where does tanX rank among its competitors?

tanX ranks 29th amongst 470 active competitors, of which 89 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Jupiter, which secured $35M in Feb, 2026.

Who are the top competitors of tanX?

tanX's top competitors include Uniswap, 0x and Bitfinex. Among them, Jupiter secured the most recent funding round in February, 2026.

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

Company Details

Decentralized institutional trading platform that enables secure, self-custodial crypto trading with deep liquidity. It provides a self-custodial trading environment where users can execute digital asset transactions directly from their wallets or institutional custody systems without compromising on speed, security, or liquidity. It supports multi-chain trading across networks such as Ethereum, Polygon, Arbitrum, and Starknet, enabling seamless asset movement and execution across ecosystems. It offers tight bid-ask spreads, low-slippage execution, and optimized pricing for high-volume institutional trading.

Website: tanx.fi
Social
Email ID: *****@tanx.fi

Key Metrics

Founded Year

2021

Location

Bengaluru, India

Stage

Series A

Total Funding

$16.5M in 1 round

Latest Funding Round

Series A, Sep 07, 2023, $*****

Post Money Valuation

$***** as on Sep 07, 2023

Investors

Pantera Capital & 6 more

Ranked

29^th among 470 active competitors

Employee Count

28 as on May 31, 2026

Similar Companies

Uniswap & 495 more

View tanX's full profile

tanX is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BRS TECHNICAL SERVICES LIMITED CIN: 4669451 , United Kingdom, Active	Feb 18, 2003	-	-
INVENTPHILE VENTURES PTE. LTD. CIN: 202144108M , Singapore, Active	Jun 22, 2022	-	-

tanX has raised a total funding of $16.5M over 1 round. Its latest funding round was a Series A round on Sep 07, 2023 for $*****. 7 investors participated in its latest round. tanX has 7 institutional investors.

Here is the list of recent funding rounds of tanX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 07, 2023	3605617	Series A	7193516	7422782	6374171	6251393

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View details of tanX's funding rounds and investors

The founders of tanX are Shaaran Lakshminarayanan, Vaibhav Vats Shukla, Ritumbhara Bhatnagar and Bhavesh Praveen. Shaaran Lakshminarayanan is the CEO of tanX.

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

Shaaran Lakshminarayanan: Co-Founder & CEO of tanX and founder of 2 other companies, Brine and Krypto. They serve on the boards of 2 companies.
Contact Info: 2 email addresses
Vaibhav Vats Shukla: Former Co-Founder of tanX and founder of 2 other companies, Brine and Brine. They serve on the board of 1 company.
Ritumbhara Bhatnagar: Co-Founder of tanX and founder of 1 other company.
Bhavesh Praveen: Co-Founder of tanX and founder of 2 other companies, Brine and Brine.
Contact Info: 2 email addresses

tanX's Board of Directors

tanX's board has 5 active members. Shaaran Lakshminarayanan and Vaibhav Vats Shukla are part of team and Laetisha Lea, Guthal Mahadevaswamy Chethan and Barry Scourfield are independent board members.

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

Name	Type	Representing	Status	Duration
Shaaran Lakshminarayanan	Team	-	Current	4y 6m
Vaibhav Vats Shukla	Team	-	Current	4y 6m
Laetisha Lea	Independent board member	-	Current	2y 11m
lkeqxyh	Independent board member	-	Current	8y 3m
uicsfil	Independent board member	-	Current	4y 8m
otnkiqb	Independent board member	-	Past	8y 3m

View details of tanX's Founder profiles and Board Members

tanX's employee count trend

tanX has 28 employees as of May 26. Here is tanX's employee count trend over the years:

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Top competitors of tanX include Uniswap, 0x and Bitfinex. Here is the list of Top 10 competitors of tanX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uniswap 2018, New York City (United States), Series B	Provider of a decentralized exchange platform for cryptocurrency	$176M	Polychain, Andreessen Horowitz & 50 others	80/100
2nd	0x 2016, San Francisco (United States), Series B	Open protocol for decentralized P2P exchange	$86.9M	Pantera Capital, Greylock Partners & 42 others	68/100
3rd	Bitfinex 2012, Hong Kong (China), Funding Raised	Online cryptocurrency trading platform	-	LuneX Ventures, SNZ & 6 others	67/100
4th	Jupiter 2021, Antigua And Barbuda, Series C	Solana-based decentralized platform offering a swap aggregator service	$35M	ParaFi	65/100
5th	ShapeShift 2015, London (United Kingdom), Series A	Online trading platform for cryptocurrency	$12.5M	Earlybird, Digital Currency Group & 21 others	65/100
6th	1inch 2019, Tortola (United Kingdom), Series B	Decentralized financial solutions	$190M	Pantera Capital, Amber Group & 50 others	63/100
7th	Portal to Bitcoin 2018, San Francisco (United States), Series A	Decentralized bitcoin exchange and interoperability protocol	$92.5M	Paloma Investments, Coinbase & 37 others	60/100
8th	LI.FI 2021, Berlin (Germany), Series A	Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging	$52M	CoinFund, Multicoin Capital & 21 others	58/100
9th	IDEX 2016, San Francisco (United States), Acquired	Decentralized exchange platform for cryptocurrencies	$2.5M	Borderless Capital, G1 Ventures & 5 others	57/100
10th	Sushi 2020, Japan, Funding Raised	Provider of an online decentralized exchange platform for cryptocurrencies	-	SWS Venture Capital, Fantail Ventures & 10 others	55/100
29th	tanX 2021, Bengaluru (India), Series A	Decentralized institutional trading platform that enables secure, self-custodial crypto trading with deep liquidity	$16.5M	Goodwater Capital, Pantera Capital & 5 others	46/100