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.
Listen on: — — — — — — — — — — — — — — — — —
Apple Podcast | Google Podcast | Spotify | Stitcher
— — — — — — — — — — — — — — — — — — — — — —
Founded by 3 friends Govind, Vimal & Ashish, friends from NSIT in 2017, CoinSwitch is now backed by bluechip fintech 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. A Soon-icorn?
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. I dig into their journey and Indians view on crypto and plans to be the “Coinbase for India” even in a very shaky regulatory environment.
Do you make crypto investments? Do you want to learn more about it? Do write to me.
& please do spread the word!
- V { Twitter @varunvummidi }
Cryptocurrency & the path to 5 Million Users in 6 months {Ashish - CoinSwitch}