Founded in 2018 by Sumit Gupta and Neeraj Khandelwal in a modest flat in Mumbai, CoinDCX has emerged as a trailblazer in the cryptocurrency landscape.

The journey from a humble beginning to achieving a staggering revenue of Rs. 600 crore in 2023 and attaining a valuation of Rs. 16,000 crore within 4 years is a testament to the founders’ perseverance and strategic vision.

Sumit Gupta, an alumnus of IIT Bombay and a seasoned professional with experience at Japan-based company Sony, embarked on this entrepreneurial journey after recognizing the transformative potential of blockchain technology.

Collaborating with his college friend Khandelwal, the duo navigated through a challenging initial phase where they grappled with financial constraints, relying on their savings for a mere three months and struggling to pay the rent for their Mumbai flat.

However, the hurdles of those initial months became the stepping stones for the company’s remarkable success. CoinDCX, shaped by Sumit and Neeraj’s dedication, stands today as India’s first crypto-unicorn.

The company has not only defied the odds but has also reshaped the Indian perception of cryptocurrency, establishing trust and credibility in the market.

With a workforce of 600 people and a customer base of 1.4 crore, CoinDCX has become a force to be reckoned with in the cryptocurrency domain.

The platform boasts a diverse offering, with over 500 cryptocurrencies available for trading.

Its user-friendly interface has made crypto :

  • accessible to the masses,
  • simplifying the investment process and
  • debunking the notion of complexity associated with the digital asset landscape.

CoinDCX’s success can be attributed to its commitment to simplicity and safety in crypto transactions.

The platform’s modus operandi involves users creating a CoinDCX account, adding funds in INR through various payment options, and starting their investment journey with a minimum deposit of Rs. 500 and a maximum deposit of Rs. 5 lakh.

The platform provides a range of investment products, including buying and selling, learning, CIP, earning, future trading, and margin trading.

In summary, CoinDCX’s remarkable journey from a cramped flat to a valued cryptocurrency business has not only redefined the cryptocurrency landscape in India but has also set an inspiring example for aspiring entrepreneurs.

With its commitment to accessibility, safety, and education, CoinDCX has played a pivotal role in fostering a positive environment for cryptocurrency adoption in the country.

Neeraj Khandelwal and Sumit Gupta Co-founders of CoinDCX