1 August 2026
Indian Crypto Tax Startup KoinX Raises $1.5M In Seed Funding Round
Crypto tax platform, KoinX raises $1.5 million in a seed funding round from iSeed Fund, KubeVC, Ratio Ventures, Tykhe Block Ventures, 1947 Rise, and WeFounders Circle.
Several business leaders from Netflix, Bain Capital, Robinhood, Amazon, etc, participated in this round.
KoinX aims to scale up operations across India to serve over 5,00,000 crypto investors by Q2 2022. Some major industry leaders such as Sandeep Nailwal (Polygon), Ajeet Khurana (ex-Zebpay), Navin Gupta (Ripple), and Utsav Somani (AngelList) are also backing up the project.
The founder of KoinX, Punit Agarwal, said, “built on secure protocols, we ensure that our users’ identities and other information are protected through advanced encryption techniques. We are a proud Made in India product by very talented engineers and industry experts who have carefully understood user pain points and taken meticulous care to alleviate those pain points in a typical user journey.”
The seed funding round comes amidst the RBI’s announcement about a 30 percent tax on digital assets along with an additional 1 percent Tax Deducted at Source (TDS). KoinX allows crypto investors to automate their taxation by integrating their portfolios and transactions on a single unified platform with a consolidated dashboard.
It has already integrated with crypto exchanges like Binance, WazirX, CoinDCX, Vauld, BitBNS, CoinSwitch, and Kuber to automate the calculation of tax implications for crypto users.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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