Sumit Gupta
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Sumit Gupta is an Indian entrepreneur and the CEO and co-founder of CoinDCX.[1][2][3] [4]
Early life
[edit]Gupta completed his Bachelor of Technology and Masters of Technology in 2014 from IIT Bombay in Electrical engineering. He began his career as a Software Engineer at Sony in Japan. He then returned to India to co-found ListUp, a platform for buying and selling pre-owned electronics. ListUp raised $0.5M seed funding led by Kae Capital with participation from Kunal Shah (Freecharge, Chairman) and Sandeep Tandon (Tandon Group).[5] [6]
Career
[edit]In April 2018, Gupta co-founded CoinDCX with Neeraj Khandelwal, aiming to create a platform that allows any Indian to buy, sell and trade crypto assets and web3 products/services. [7] The company quickly attracted significant attention and investment, securing backing from prominent investors such as Polychain Capital, Coinbase Ventures, and Bain Capital Ventures. A major milestone was achieved in August 2021 when CoinDCX raised $90 million in Series C funding, propelling its valuation to $1.1 billion and marking it as India's first crypto unicorn. Building on this success, in April 2022, CoinDCX raised an additional $135 million in Series D funding [8], led by Pantera Capital and Steadview Capital, which doubled its valuation to $2.15 billion. [9] [10] [11] [12][13]
Initiatives and philosophy
[edit]Gupta is also the founding member of the Bharat Web3 Association [14] [15] [16] and is an active participant in driving the Virtual Digital Assets (VDA) and educational initiatives like DCXLearn to promote Web3 adoption in India. He emphasizes the importance of regulatory clarity and a conducive environment for the growth of crypto trading in India.[17]
Awards and recognition
[edit]- Fortune 40 under 40 [10]
- Web3 Entrepreneur of the Year by Economic Times,
- Forbes 30 under 30
- Indian Achievers award, CEO of the Year 2020, and has also been featured on Hurun India list.
References
[edit]- ^ Singh, Navdeep (2024-03-05). "Regulation, conducive environment among top factors to fuel crypto trading among Indian investors: Sumit Gupta of CoinDCX". The Economic Times. ISSN 0013-0389. Retrieved 2024-10-09.
- ^ "Crypto Will Not Be Hit As Hard As Other Startup Sectors: Sumit Gupta". Forbes India.
- ^ "Indian Virtual Digital Assets Industry Resembles The Growth Of The IT Industry, Says CoinDCX CEO". Forbes India.
- ^ "India's First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta". 13 September 2021.
- ^ "Meet man who build Rs 16,000 crore business from an old flat in just 4 years". DNA India.
- ^ "Success Story: छोटे से फ्लैट में ऐसा क्या बिजनेस शुरू किया, सिर्फ 4 साल में ₹16,000 करोड़ का साम्राज्य!".
- ^ Kumar, -Chitranjan. "Sumit Gupta, Neeraj Khandelwal - India's Young & Brightest Entrepreneurs in 40 Under 40 2024 - Fortune India". www.fortuneindia.com.
- ^ "CoinDCX raises over $135 million in fresh funding round, now worth $2 billion". www.forbesindia.com.
- ^ "Meet The IIT-Bombay Alumni Behind India's Largest Cryptocurrency Exchange". NDTV.com.
- ^ a b "Creating startup in crypto is difficult: 40u40 2024 Sumit Gupta, CoinDCX". www.fortuneindia.com. August 25, 2024.
- ^ "CoinDCX forms Rs 50-cr crypto investor protection fund after WazirX hack".
- ^ Sureban, Haripriya (December 25, 2023). "CoinDCX CEO shares insights on India's crypto journey amid regulatory challenges and future outlook". BusinessLine.
- ^ "coindcx-introduces-web3-mode-in-app".
- ^ Lohchab, Himanshi (January 25, 2024). "CoinDCX and Solana Foundation earmark Rs 25 crore grant for Web3 developers". The Economic Times.
- ^ "India Is Going To Be A Clear Global Hub For Web3: Sumit Gupta At Namaste Web3". Forbes India.
- ^ "CoinDCX enters into a collaboration with The Sandbox to develop metaverse and Web3.0 understanding". November 24, 2023.
- ^ "CoinDCX launches venture investment arm CoinDCX Ventures". Business Today. May 10, 2022.