ASHISH SINGHAL
India Inc eyes a festive boom, but the bottom line holds a twist
Festive shopping is currently gaining momentum with significant sales in both online and offline markets. Companies are experiencing increased demand but are also facing rising costs that impact profitability. Many consumers are driven by discounts and affordable payment options during this festive season. Businesses are adapting pricing strategies to balance consumer affordability with input cost pressures.
From crypto to fintech, consumer and AI: Ashish Singhal explains CoinSwitch Ventures’ BlackLane Capital pivot
CoinSwitch Ventures is rebranding as BlackLane Capital, an independent global early-stage investment firm. It plans to invest up to $5 million per startup across fintech, AI, enterprise infrastructure, consumer applications and digital assets. Co-founder Ashish Singhal discusses the broader investment strategy and its ambition to enable over $100 million in startup funding.
CoinSwitch Ventures goes global as BlackLane Capital, plans to back startups with cheques of up to $5 million
CoinSwitch’s investment arm, CoinSwitch Ventures, has rebranded as BlackLane Capital, expanding beyond crypto and Web3 to invest in early-stage startups across fintech, enterprise infrastructure, consumer applications and digital assets. The firm plans to invest up to $5 million per startup and aims to enable over $100 million in startup funding over the next five years through its investments and partner network. It has previously backed more than 26 startups under its Web3-focused mandate.
CoinSwitch swings to profitability in FY26 as crypto platform’s revenue climbs 150% to Rs 324 crore
CoinSwitch achieved profitability based on Adjusted EBITDA for FY26, with revenue growth of 150%. The company's revenue reached Rs 324.19 crore, leading to an Adjusted EBITDA margin increase to 27%. Operating costs increased by 37%, contributing to improved operating leverage. The platform focused on expanding its active user base and educating newcomers about crypto. CoinSwitch now serves over 2 crore users and supports more than 450 digital assets.
'Swipe now, pay later': Indians pile up Rs 4.8 lakh debt per head! CoinSwitch co-founder wonders what will happen to GenZs when they hit 40-50 age
Indian households are borrowing more for lifestyle expenses, moving away from traditional savings. Personal loans, credit cards, and auto loans are driving this trend. This shift from a 'save first, spend later' to a 'spend now, pay later' mindset is raising concerns about future financial well-being.
'Same service, same crowded coaches but...': Why Bengaluru Metro commuters pay almost double than Delhi
Bengaluru Metro recently increased fares. This makes it India's most expensive metro service. BJP MP Tejasvi Surya and CoinSwitch co-founder Ashish Singhal criticized the hike. Commuters now pay higher amounts for longer trips. BMRCL cited rising costs for this decision. The metro plans a mandatory five percent annual fare hike from 2026. This aims to improve its operating ratio.
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Grandmother’s gold vs your SIP: Who’s really winning? The data might surprise you
Gold prices are hitting record highs, leading some to favor it over equity SIPs. However, historical data suggests that when the Nifty-to-Gold ratio is low, equities tend to outperform gold significantly. Despite the current rush to gold, sticking with SIPs might be the smarter long-term investment strategy, potentially yielding better returns as markets recover.
'Your parents called train tickets splurging': CoinSwitch founder says Gen Z taking vacation loans is madness
Ashish Singhal, co-founder of CoinSwitch, has criticised Gen Z's travel habits. He highlighted that many young Indians are borrowing money for vacations. A significant portion of these borrowers come from Tier-2 and Tier-3 cities. Singhal pointed out the shift from saving to taking loans for travel. He also suggested alternatives like creating travel funds and using credit cards wisely.
CoinSwith founder has an advice for parents who still asks their kids 'beta engineer toh ban jao'
CoinSwitch Co-founder Ashish Singhal highlights a concerning trend: companies are skipping campus placements in Karnataka's tier-2 and tier-3 engineering colleges, despite students incurring significant educational costs. He emphasizes that the demand for engineers has decreased due to AI, and skills are now more important than degrees.
Can India make filing taxes as easy as a phone recharge? CoinSwitch’s Ashish Singhal thinks it should
Ashish Singhal, co-founder of CoinSwitch, has questioned if India’s salaried class and startup workers are really using the new tax regime’s higher liquidity to build better money habits. He points out only 6.7 percent filed tax returns last year, despite better digital systems. Many still wait till the last moment. Singhal wants smarter tools, pre-filled forms and nudges to make tax filing part of everyday finance, not a yearly panic. Habits, he warns, must change too.
India is 'losing talent to rote learning and repetition' in UPSC civil services exam system: Bengaluru tech founder
CoinSwitch founder Ashish Singhal points out the high rejection rate in India's civil services exam. He suggests that many aspirants spend years on exams, missing out on innovation. Singhal believes the system discourages risk-taking and creativity. He proposes redirecting a fraction of aspirants towards entrepreneurship and technology. This shift could unlock India's untapped potential and create lasting impact beyond exams.
'Biggest scam': Lemonn cofounder sparks debate on middle-class salary crisis
Ashish Singhal's post ignited discussion on middle-class salaries. He cited a report indicating slow income growth for this group. Food prices have increased significantly, reducing purchasing power. Spending relies on credit, not income. AI threatens white-collar jobs. Singhal questions if it is an income or money management issue. Commenters highlight the gap between CTC and take-home pay due to expenses.
CoinSwitch CEO optimistic about regulatory shift towards innovation in India's digital ecosystem
Ashish Singhal of CoinSwitch expresses optimism regarding India's evolving regulatory landscape for innovation in the digital ecosystem. He further discussed efforts to educate beginners and promote financial literacy, the interest of businesses in leveraging blockchain technology, recommendations to regulatory authorities, and navigating the regulatory landscape while respecting the framework.
Coinswitch launches umbrella entity PeepalCo, restructures business
Founder Ashish Singhal said he will assume the role of group CEO, Vimal Sagar Tiwari as group chief operating officer, and Govind Soni as group chief technology officer.
CoinSwitch unveils a new umbrella brand
PeepalCo will house the following brands: CoinSwitch, the crypto retail app, and CoinSwitch PRO, the advanced trading platform; a soon-to-be-launched platform featuring newer investment classes; and a wealth-management division catering to High-Net-Worth Individuals (HNIs).
CoinSwitch shares proof of reserve valued at Rs 1944.8 crore
The platform successfully undertook an independent review and on-chain validation, affirming that the company's total holdings of crypto and fiat assets (Indian Rupees) surpass those of its customers. The platform demonstrated a total holdings value of Rs 1944.8 crore, encompassing both crypto and fiat assets, while user holdings, comprising crypto and fiat, amounted to Rs 1431.30 crore.
CoinSwitch appoints DBS Bank's Shiva Tadikonda as chief compliance officer
"We are committed to building a compliant investing ecosystem that investors and regulators can trust. Shiva's experience across large regulated financial institutions will strengthen our contribution towards shaping a progressive regulatory framework for virtual digital assets (VDAs) and ensure ethics and complianceas we evolve into a preferred wealth tech destination," said Ashish Singhal, co-founder and CEO, CoinSwitch.
Cooperating with ED on CoinSwitch functioning: CEO Ashish Singhal
Ashish Singhal says 'last few days’ events not about money laundering or PMLA’
Troubles mount for Indian crypto exchanges as ED turns on the heat
Coinswitch, one of India’s largest crypto exchanges, became the latest entrant to the list of beleaguered entities that are being probed by the agencies and tax officials this week.
India's cryptocurrency industry reels as new tax hammers trading
"The amount of regulatory tangles, lack of ease of doing business and paperwork that has been created on every single trade has made investors and traders wary and we are seeing that people are moving to international exchanges or to the grey market."
CoinSwitch Kuber appoints Myntra's Sudheer Tumuluru as head of crypto engineering
Sudheer Tumuluru joins from Myntra where he was the vice-president of engineering and will oversee CoinSwith's efforts to develop and strengthen the technological stack that powers cryptocurrency trading, exchange, and upcoming crypto products.
Former Zilingo CFO Ramesh Bafna joins CoinSwitch Kuber as finance head
Bafna had been involved in the review of the alleged financial irregularities at Zilingo as well, ET had reported on April 19.
CoinSwitch appoints Ramesh Bafna as CFO
With over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro.
Why CoinSwitch Kuber’s Ashish Singhal is happy with 30% tax on crypto assets
“The taxation removes ambiguity and signals that the government recognises the crypto industry.”
CoinSwitch Kuber appoints Ashish Chandra as General Counsel
Chandra will play a pivotal role in building a conducive legal framework for the business as crypto-asset adoption continues to grow amidst the mainstreaming excitement.
CoinSwitch Kuber, CoinDCX founders join IAMAI’s Crypto Council as cochairs
CoinSwitch Kuber’s cofounder Ashish Singhal and Sumit Gupta of CoinDCX will be primarily responsible for the growth of the crypto industry in India — both from companies and consumer perspectives.
Crypto startup CoinSwitch Kuber appoints Sarmad Nazki as CFO, to expand hiring
Nazki, the new CFO, was previously with mobility startup Bounce. He has also worked at Ola, Ernst & Young (EY) and KPMG earlier.
CoinSwitch raises Rs 109 crore in Series A funding
The round is led by leading global fintech and crypto investor Ribbit Capital, and San-Francisco based crypto focused investment firm, Paradigm.
Bitcoin surge fuels hiring spree in crypto industry
CoinSwitch, Bitex, ZebPay, Unocoin and CoinDCX are among those hiring for roles across technology, product, finance, compliance and design. They are scaling up team sizes by 40-200%.
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