5 Pioneering Profitable Startups: The Next Blooming Powerhouses of India

Startup: CoinSwitch

Industry: Fintech (Crypto)

Key management: Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, Co-Founders

Coin Switch is a game-changing & advanced trading platform established in 2017. Today, it has become India’s largest crypto app with more than 2 crore users. The strategic revenue prospective of the startup made the world’s prominent investors such as Tiger Global & Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures invest in their business. It is a platform that makes investments everywhere and enables its users to get mass profits with safe, simple & accessible investments.

The company partners with many other startups specializing in Web3 and blockchain technology to provide capital for the needy & maintain networking among other founders of the startups. Overall, the startup has raised $300 million across diverse funding rounds. As of March 2023, the total annual revenue of the startup stood at $5.56 million. Further to strengthen its portfolio, recently the startup announced the plan to introduce a new investors’ platform for retailers by June 2024.

USP: Users can get mentorship from in-house experts, access to get over 70+ global venture partners, multiple exchanges, lowest commissions, and passive income in one account.

“We will be able to showcase what we have learned in the last few years, solving for the stock market, mutual fund, or any other product that we will be launching next quarter”, shares Ashish Singhal, Co-Founder, Coin switch