company logo
CoinDCX
CoinDCX is India’s largest and safest cryptocurrency exchange
Basic Information
CoinDCX is India’s largest and safest cryptocurrency exchange. Built with user experience and security in mind, CoinDCX provides instant fiat to crypto conversions with zero fees, so that users can have access to a diverse suite of financial products and services that are backed by industry-leading security processes and insurance protection. CoinDCX aims to be the global gateway to cryptocurrencies. Its proprietary liquidity aggregation model provides its users with access to liquidity from leading global crypto exchanges. Recognised and awarded for its contribution to the Indian emerging tech space, CoinDCX is backed by investors such as Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. CoinDCX offers users an integrated suite of products, including DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto, DCXlend, a decentralised lending service, and DCXmargin, with up to 6x leverage trades and DCXfutures, with up to 20x leverage trades.
Legal Name
:
Primestack Pte. Ltd
Headquarters
:
Mumbai, Maharashtra , India
Business Model
:
B2C  
Founding Date
:
22nd Jan 2018
No. of Employees
:
41 to 60
Core Team
:
1.  
Sumit Gupta
Co-founder and CEO
2.  
Neeraj Khandelwal
Co-Founder
Timeline

2018

Company Incorporation

Apr | Company Incorporation

CoinDCX aimed to enable global financial inclusion by building a global fin-tech movement in crypto. It was started by building a lite crypto exchange with high liquidity. With perseverance, CoinDCX became Indias largest cryptocurrency exchange.

2019

Raised Funding

Mar | Raised Funding

CoinDCX raised $0.5 million in its seed round led by venture capital company Bain Capital Ventures.Other investors included Sanjay Mehta (Mehta Ventures), Sung Ho Choi (Founder, Fubo TV), Utsav Somani (Partner at AngelList India).

2020

Awards

Jan | Awards

Tracxn Emerging Startups provides a selection of high potential companies that are making an impact in the new-age sectors. CoinDCX, showed promising performance on factors- market size, investment by marquee investors, among other criteria.

Awards

Feb | Awards

Raised Funding

Mar | Raised Funding

CoinDCX, announced that it has closed its Series A funding round led by Polychain Capital, Bain Capital Ventures, and HDR Group, operator of BitMEX. The funds, amounting to US$3 Million, will be used to promote crypto adoption, and boost development.

Target Market
B2C
Traders, Young Investors and People with disposable Income.
User Age
:
35 to 45,  26 to 34  
User Income
:
High Income,  Upper-middle Income,  Lower-middle Income  
Location
:
Funding

Total Funding

$6.0M

Investors
:
1.  
Sung Ho Choi
2.  
Sanjay Mehta
3.  
Utsav Somani
4.  
Polychain Capital

See More

Detail Round Breakdown
Round 1
Round 2
Round 3

$500k

Series Name
:
SEED
Date
:
21st Mar 2019