Top 10 Blockchain Startups in India

7 min read

JusPay

  • Overview: Founded in 2012 and based in Bengaluru, JusPay offers a suite of customizable end-to-end payment solutions, focusing on UPI-full stack solutions and custom-branded payment pages.
  • Innovation: JusPay is known for its advanced security features and flexibility in configuring payment solutions to meet business needs. Its innovations include the deployment of machine learning for fraud detection and enhancing transaction success rates.
  • Impact: JusPay has significantly improved the digital payment landscape in India by enabling seamless and secure transactions for millions of users. Its solutions help businesses enhance customer experience and optimize payment processes.
Key FactDetail
Founded Year2012
LocationBengaluru (India)
StageSeries C
Funding$87.8M
InvestorsAccel, Wellington and 15 Others
Tracxn Score80/100
Competitors Rank2 of 264 Competitors

CoinSwitch

  • Overview: Established in 2017 in Bengaluru, CoinSwitch is an app-based trading platform for cryptocurrencies, providing a comprehensive ecosystem for crypto transactions and investments.
  • Innovation: CoinSwitch introduced the Crypto Rupee Index and systematic investment plans (SIP) for crypto, offering sophisticated analytical tools and advanced security features to its users.
  • Impact: CoinSwitch has democratized access to cryptocurrency investments in India, attracting millions of users and fostering a broader acceptance of digital assets. It also contributes to financial literacy by educating users on crypto investments.
Key FactDetail
Founded Year2017
LocationBengaluru (India)
StageSeries C
Funding$302M
InvestorsPeak XV Partners, Ribbit Capital and 11 Others
Tracxn Score67/100
Competitors Rank11 of 4,324 Competitors

CoinDCX

  • Overview: Founded in 2018 in Mumbai, CoinDCX is an app-based exchange platform offering a wide range of cryptocurrency products, including fiat onboarding, decentralized lending, and futures trading.
  • Innovation: CoinDCX’s platform supports margin trading and offers advanced trading tools, making it one of the most comprehensive crypto exchanges in India.
  • Impact: CoinDCX has played a crucial role in increasing the adoption of cryptocurrencies in India by providing secure and user-friendly trading options. Its initiatives in financial education have empowered more people to participate in the digital economy
Key FactDetail
Founded Year2018
LocationMumbai (India)
StageSeries D
Funding$247M
InvestorsBain Capital Ventures, Jump Capital and 35 Others
Tracxn Score66/100
Competitors Rank13 of 4,324 Competitors

Pillow Fund

  • Overview: Launched in 2021 in Bengaluru, Pillow Fund is an online platform for cryptocurrency exchange, allowing users to build a crypto portfolio and explore various digital assets.
  • Innovation: Pillow Fund offers an intuitive interface for buying and selling crypto, with features tailored for both novice and experienced investors.
  • Impact: Although now deadpooled, Pillow Fund contributed to the crypto ecosystem by making digital asset investments accessible and straightforward for a broad audience.
Key FactDetail
Founded Year2021
LocationBengaluru (India)
StageDeadpooled
Funding$21M
InvestorsAccel, Elevation Capital and 13 Others
Tracxn Score62/100
Competitors Rank1 of 437 Competitors

IndiGG

  • Overview: Founded in 2021 in Bengaluru, IndiGG is a community-based gaming platform where users can play games, connect with others, and earn rewards.
  • Innovation: IndiGG combines blockchain technology with gaming, enabling players to earn rewards through gameplay and participate in live tournaments and quests.
  • Impact: IndiGG has created a new avenue for gamers to monetize their skills and time, fostering a vibrant community and enhancing the gaming experience with blockchain technology.
Key FactDetail
Founded Year2021
LocationBengaluru (India)
StageAcquired
Funding$6M
InvestorsAccel, Sequoia Capital and 25 Others
Tracxn Score61/100
Competitors Rank2 of 330 Competitors

Fitmint

  • Overview: Established in 2022 in Mumbai, Fitmint is a reward-based application that tracks fitness activities and rewards users with cryptocurrency and NFTs.
  • Innovation: Fitmint integrates fitness tracking with blockchain rewards, allowing users to earn crypto for their physical activities and share their workouts with a global community.
  • Impact: Fitmint has incentivized healthy living by combining fitness with financial rewards, promoting a more active lifestyle while introducing users to blockchain technology.
Key FactDetail
Founded Year2022
LocationMumbai (India)
StageSeed
Funding$1.6M
InvestorsGeneral Catalyst, iSeed and 4 Others
Tracxn Score61/100
Competitors Rank1 of 330 Competitors

WazirX

  • Overview: Founded in 2017 in Mumbai, WazirX is an online cryptocurrency exchange platform that supports multiple currencies and features a utility token for community involvement.
  • Innovation: WazirX offers an easy-to-use platform with advanced trading features, including a utility token that rewards community contributions and promotes platform development.
  • Impact: WazirX has been instrumental in popularizing cryptocurrency trading in India, providing a reliable and secure platform for users to trade digital assets and participate in the crypto economy.
Key FactDetail
Founded Year2017
LocationMumbai (India)
StageAcquired
InvestorsKalaari Capital, Cognisa Capital and 3 Others
Tracxn Score61/100
Competitors Rank21 of 4,324 Competitors

Liquide Solutions

  • Overview: Launched in 2021 in Bengaluru, Liquide Solutions is an app-based stock analysis platform providing access to AI-powered stock reports and research solutions.
  • Innovation: Liquide Solutions leverages artificial intelligence to offer detailed stock analysis, portfolio management tools, and stock screeners, making it easier for users to make informed investment decisions.
  • Impact: Liquide Solutions has empowered retail investors with advanced tools and insights, enhancing their ability to navigate the stock market and make better investment choices.
Key FactDetail
Founded Year2021
LocationBengaluru (India)
StageSeed
Funding$2.26M
InvestorsMVP, Nakrani Ventures and 45 Others
Tracxn Score60/100
Competitors Rank1 of 46 Competitors

Unocoin

  • Overview: Established in 2013 in Tumkur, Unocoin is an online cryptocurrency trading platform that facilitates buying and selling of Bitcoin and other cryptos with INR.
  • Innovation: Unocoin offers innovative features such as bulk trading options, auto-sell mechanisms, and OTC trading, catering to a diverse range of crypto investors.
  • Impact: Unocoin has been a pioneer in India’s cryptocurrency market, providing a trusted platform for trading digital assets and significantly contributing to the growth and acceptance of cryptocurrencies in the country.
Key FactDetail
Founded Year2013
LocationTumkur (India)
StageSeries A
Funding$6.75M
InvestorsDraper Associates, Digital Currency Group and 29 Others
Tracxn Score59/100
Competitors Rank24 of 4,324 Competitors

Vauld

  • Overview: Founded in 2018 in Bengaluru, Vauld offers comprehensive financial services for cryptocurrencies, including lending, borrowing, trading, and more.
  • Innovation: Vauld’s platform provides APIs for enterprises, enabling them to offer crypto services like wallets and lending. It also maintains a float for withdrawals to ensure liquidity.
  • Impact: Vauld has enhanced the financial services landscape for cryptocurrencies in India, offering flexible and secure solutions for managing digital assets and driving wider adoption of crypto-based financial services.
Key FactDetail
Founded Year2018
LocationBengaluru (India)
StageSeries A
Funding$27.5M
InvestorsPantera Capital, Blockchain Coinvestors and 18 Others
Tracxn Score59/100
Competitors Rank23 of 2,316 Competitors

FAQ on Top 10 Blockchain Startups in India

1. JusPa

Q: What does JusPay do?
A: JusPay provides customizable end-to-end payment solutions, including UPI-full stack solutions and custom-branded payment pages.

Q: What is the funding status of JusPay?
A: JusPay has raised $87.8M in funding.

2. CoinSwitch

Q: What services does CoinSwitch offer?
A: CoinSwitch offers an app-based trading platform for cryptocurrencies, including crypto investing, systematic investment plans, and advanced market analysis tools.

Q: What is the total funding of CoinSwitch?
A: $302M.

3. CoinDCX

Q: What is CoinDCX known for?
A: CoinDCX is known for its app-based cryptocurrency exchange platform that offers various products like fiat onboarding, decentralized lending, margin trading, and futures trading.

4. Pillow Fun

Q: What type of platform is Pillow Fund?
A: Pillow Fund is an online platform for cryptocurrency exchange, allowing users to buy and sell crypto and build a crypto portfolio.

5. IndiG

Q: What is IndiGG’s primary focus?
A: IndiGG is a community-based gaming platform where users can play games, connect with other gamers, and earn rewards.

6. Fitmint

Q: What does Fitmint do?
A: Fitmint is a reward-based application that tracks fitness activities and rewards users with cryptocurrency and NFTs.

7. Wazir

Q: What services does WazirX provide?
A: WazirX provides an online exchange platform for trading cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin.

Q: Where is WazirX based?
A: Mumbai, India.

8. Liquide Solutions

Q: What is Liquide Solutions?
A: Liquide Solutions is an app-based stock analysis platform that provides stock reports, portfolio analysis, and research solutions using AI.

9. Unocoin

Q: What does Unocoin specialize in?
A: Unocoin specializes in online cryptocurrency trading, allowing users to buy and sell Bitcoin and other cryptos with INR.

10. Vauld

Q: What services does Vauld offer?
A: Vauld offers financial services for cryptocurrencies, including lending, borrowing, trading, and API integrations for enterprises.

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