EP54: World of crypto & the path to 5 Million Users in 6 months {Ashish of CoinSwitch}

Stars & Startups

EP54: {Ashish Singhal, Co-Founder of CoinSwitch}

Hi Stars!
Apologies for the sporadic episodes and the long gap between the last episode! Hope you and your family are safe and well during this crazy time. Go get vaccinated, please don’t wait.

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→ Go Subscribe to the Newsletter via stars.substack.com so that you can receive future podcast releases delivered to your inbox!

→ Full episode of the podcast is available on my YouTube Channel

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Founded by 3 friends Govind, Vimal & Ashish, friends from NSIT in 2017, CoinSwitch is now backed by bluechip fin-tech investors like Ribbit Capital, Paradigm and Sequoia India, raising $15 million in their Series A round. In April 2021, they raised another $25 million ( ₹181 crore) from Tiger Global - valuing Coinswitch at more than $500 million.

Buoyed by the massive interest amongst Indians for cryptocurrencies, the platform has witnessed 350% growth in its user base since January this year. The most actively transacting age group on the platform is between 25-35 and the platform is witnessing a huge demand from Tier 2 and 3 cities. Investors from Tier 2 and 3 towns account for as much as 54% of Coinswitch’s user base.

Do spread the word!

- V { Twitter @varunvummidi }