CoinSwitch FY25 revenue up 219% to Rs 129 crore, loss widens
06 Nov 2025, 12:18 PMIts net loss expanded to Rs 333.1 crore in FY25 from Rs 160.3 crore in the previous fiscal.
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CoinSwitch's Singapore-based parent entity Chain Labs reported a 219% jump in revenue from operations to Rs 129.5 crore in the fiscal ended March 31, 2025 from Rs 40.8 crore in the previous fiscal.
CoinSwitch's net loss expanded to Rs 333.1 crore in FY25 from Rs 160.3 crore in the previous fiscal, the Inc42 reported based on company filings.
Total expenses of the crypto exchange grew to Rs 524.9 crore during the fiscal as compared to Rs 338.3 crore in FY24.
Employee cost declined to Rs 198.5 crore in FY25 from Rs 220.7 crore in the previous financial year.
The startup, founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari in 2017, became a unicorn in 2021 in a funding round led by Andreessen Horowitz (a16z) and Coinbase Ventures.
The company has diversified beyond crypto and launched Lemonn, a wealthtech platform, and now operates under its parent brand PeepalCo, which oversees both CoinSwitch and Lemonn as independent entities.
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