Fundraising FoxCoinSwitch
India, IN · 8 known investors
Find your way into CoinSwitch
Sign up to find every way you can get introduced to CoinSwitch
- Your email: who you already know at CoinSwitch, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the CoinSwitch team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
CoinSwitch provides cryptocurrency trading, investing, and staking services for high-net-worth individuals and institutional investors in India. The platform offers spot trading, futures, options, and automated investment strategies with INR settlement and expert-managed portfolios.
Also known as CoinSwitch · CoinSwitch Kuber · PeepalCo · PeepalCo Group
Founders & leadership
Investors · 8
How we know: a16z crypto's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: a16z's portfolio · moneycontrol.com · Not right? Tell us
How we know: funding news · moneycontrol.com · Not right? Tell us
How we know: Paradigm's portfolio page · a partner's Signal profile · funding news · timesofindia.indiatimes.com · the VCSheet dataset · Not right? Tell us
How we know: funding news · timesofindia.indiatimes.com · Not right? Tell us
How we know: funding news · timesofindia.indiatimes.com · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$260M disclosed across 1 of 2 rounds · 2021
- $260MraisedOct 2021 · 2 sourcesSource ↗
- Undisclosed amountSeries BApr 2021
Paradigm, Ribbit Capital, Sequoia Capital India, Tiger Global Management
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026CoinSwitch is a cryptocurrency trading platform serving users in India, operated as a product of PeepalCo, a group described as a canopy of brands offering wealth-tech products in India. The platform positions itself as India's largest crypto trading platform and offers spot trading, futures trading, options trading with INR settlement, and access to Web3 tokens spanning DeFi, NFT and gaming use cases. Its product suite includes the consumer CoinSwitch app, CoinSwitch PRO (an advanced trading platform that enables trading across multiple exchanges from a single account, with crypto deposits supported for over 100 assets), and CoinSwitchX.
Beyond core trading, CoinSwitch provides crypto deposits, API trading, and SmartInvest strategies, along with ancillary tools such as a crypto comparison tool, price prediction, profit/loss and liquidation calculators, a currency converter and live charts. Charting and trade execution are supported through a TradingView integration, and CoinSwitch offers a broker integration allowing users to trade from TradingView after linking their accounts. The company also runs an affiliate partner program and a program called CoinSwitch Cares, described on its site as a ₹600 crore recovery program. Tax-related services are offered, including transaction notes and TDS certificates for users.
A dedicated offering targets high-net-worth individuals and institutional investors managing large portfolios, with custom fee structures, a dedicated relationship manager, tax filing assistance, 24x7 priority support, and custody through partner platforms. The company states its custodians are SOC 2 Type II certified and insured.
Founding story
PeepalCo, the group of which CoinSwitch is a product, was founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari; the sources do not give a founding date.
Business model
CoinSwitch operates a crypto trading platform for retail, HNI and institutional users in India, offering trading across spot, futures, options and Web3 assets, plus premium services such as custom fee structures and dedicated relationship management for large-portfolio clients. It also runs an affiliate referral program that rewards partners for successful sign-ups and trades.
Sources describe trading fees (marketed as "lowest fees" with transparent pricing and flexible/custom fee structures for high-value portfolios), and note API trading offered with zero fees; no specific pricing, take rate or revenue figures are disclosed in the sources.
Traction
Company-reported figures include 2.5 crore+ (25 million+) users on the website, over 19 million users cited in February 2024, access to 400+ cryptocurrencies, and a reported 200% sequential growth in trading volumes in Q3 2023.
Latest developments
The website advertises futures, options with INR settlement, Web3 coins, API trading, SmartInvest strategies, a TradingView broker integration and a ₹600 crore "CoinSwitch Cares" recovery program. The most recent dated developments in the sources are the February 2024 announcements of a 2% guaranteed cashback and the Cashback Bonanza offering up to 5% cashback on crypto deposits to CoinSwitch PRO.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
CoinSwitch describes itself as India's largest crypto trading platform, reporting more than 2.5 crore (25 million) users on its website and over 19 million users at the time of its February 2024 press releases. It is registered with the Financial Intelligence Unit-India (FIU-IND) and states compliance with India's PMLA Act, KYC and AML-CFT transaction monitoring requirements.
The sources cite pooled liquidity from multiple Indian and global exchanges for better pricing, low and transparent fees, FIU-IND registration and ISO/IEC 27001:2022 certification, multi-exchange trading through a single CoinSwitch PRO account, a TradingView broker integration, and a dedicated service tier for HNI and institutional clients.
Technology
The platform provides real-time spot execution, futures and options with INR settlement, technical charting and indicators via a TradingView integration allowing trading directly from charts, API access for automated trading, crypto deposits for 100+ assets from external exchanges and private wallets, and SmartInvest automated strategies. CoinSwitch states it pools liquidity from leading crypto exchanges in India and globally to price trades, and holds ISO/IEC 27001:2022 certification, with custody handled by SOC 2 Type II certified and insured partners.
Go-to-market
Distribution is via Android and iOS apps and the web platform, supported by an affiliate partner program, promotional incentives such as cashback on crypto deposits, a TradingView broker integration, educational and price-tracking tools, and press releases issued through its own newsroom.
Retail crypto investors in India (entry point stated at ₹100 per trade), active and advanced traders using derivatives and API access, and high-net-worth individuals and institutional investors managing large portfolios.
Geography
Operations and marketing are focused on India, with the platform regulated locally through FIU-IND registration and INR-denominated settlement; liquidity is sourced from Indian and global exchanges.
History
Press releases from February 2024 describe CoinSwitch reporting 200% sequential growth in trading volumes in Q3 2023 and launching cashback incentives for crypto deposits on CoinSwitch PRO, at a time of increased Indian trading activity following US Bitcoin ETF approval. By that point the company operated three products — the CoinSwitch app, CoinSwitch PRO and CoinSwitchX — and served over 19 million users. The current website reports 2.5 crore+ users and an expanded product set including futures, options, Web3 coins, API trading and SmartInvest.
Risks & controversies
The sources reference a ₹600 crore "CoinSwitch Cares" recovery program without further detail. Regulatory context noted in the sources includes that crypto is legal to trade in India but is not legal tender, and that the platform is subject to FIU-IND registration, PMLA/AML-CFT obligations and TDS tax reporting.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsCoinSwitch introduced Cashback Bonanza for deposits to CoinSwitch PRO, letting users deposit over 100 crypto assets from any exchange or private wallet and earn rewards of up to 5% of the deposited value.
Alongside reporting 200% sequential growth in Q3 2023 trading volumes, CoinSwitch announced a 2% guaranteed cashback for crypto deposits made to CoinSwitch PRO, its advanced multi-exchange trading platform, and began a slow rollout of crypto deposits for over 100 assets.
CoinSwitch states it is registered with FIU-IND and adheres to India's PMLA Act, performing KYC and transaction monitoring in line with AML-CFT requirements; the website also lists ISO/IEC 27001:2022 certification.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Peepal.cocoinswitch.co · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does CoinSwitch do?
- CoinSwitch, a PeepalCo brand, is an India-based crypto trading platform offering spot, futures, options and Web3 products.
- Who founded CoinSwitch?
- CoinSwitch was founded by Ashish Singhal, Vimal Sagar Tiwari.
- Who are CoinSwitch's investors?
- CoinSwitch's investors include a16z crypto, Andreessen Horowitz, Coinbase Ventures, Paradigm, Peak XV Partners, Ribbit Capital, Tiger Global Management.
- How much funding has CoinSwitch raised?
- CoinSwitch has disclosed $260M raised across 1 of its 2 known rounds.
- Where is CoinSwitch headquartered?
- CoinSwitch is headquartered in India, IN.