Startup Atlas · Cryptocurrency

CoinSwitch Unicorn

Bitcipher Labs LLP ● Bengaluru, Karnataka ● Founded 2017 ● coinswitch.co ↗
Ashish Singhal · Co-founder and CEO Govind Soni · Co-founder and CTO Vimal Sagar Tiwari · Co-founder and COO
$300 MnTotal funding (tracked)
3Funding rounds
6 Oct 2021Last round
500Team size (sourced)

CoinSwitch: Financial Breakdown

Figures below are FY24, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs 38 crore ($4.56 million)Total revenue · -14.2% YoY
Rs 318.6 crore ($38.15 million)Total expenses
EBITDA margin -59.10%EBITDA
Rs 151.4 crore ($18.13 million) lossNet loss · loss narrowed 59.5% YoY

Revenue by fiscal year

0102030$MRs 248.6 crore: $29.6M30FY22Rs 45.6 crore: $5.4M5.4FY23Rs 38 crore ($4.56 million): $4.5M4.5FY24

Net profit / loss by fiscal year

-80-60-40-200$MRs 513.1 crore loss: $-61.1M-61FY22Rs 385.4 crore loss: $-45.9M-46FY23Rs 151.4 crore ($18.13 million) loss: $-18M-18FY24

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY24 Rs 38 crore ($4.56 million) Rs 318.6 crore ($38.15 million) EBITDA margin -59.10% Rs 151.4 crore ($18.13 million) loss source
FY23 Rs 45.6 crore Rs 481.9 crore — Rs 385.4 crore loss source
FY22 Rs 248.6 crore Rs 763.4 crore — Rs 513.1 crore loss source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: coinswitch.co · Last verified 23 Oct 2026. · Report a correction