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Radar · Cryptocurrencies in Maharashtra

Best Cryptocurrencies Companies in Maharashtra, India

The 81 best Cryptocurrencies companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: CoinDCX.

81companies tracked
$262.3Mdisclosed funding
1unicorns
16have raised
FLIAR INTELLIGENCE · CRYPTOCURRENCIES × MAHARASHTRA

Our analysis of 50 Cryptocurrencies companies

$7.1b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2026.

50companies analysed
100%cloud-native stacks
2026funding peak (by rounds)
10unicorns
2020median founding year
188kcombined LinkedIn audience
84%of audience held by top 3
2companies hiring publicly (12 mo)

Ranked: Best Cryptocurrencies companies in Maharashtra

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1CoinDCX 🦄
Cryptocurrency exchange and trading service provider
78Moat top 17%Customers top 20%Funding top 21%Fin. health top 29%
All 11 signals ▾
Moattop 17%
Customerstop 20%
Fundingtop 21%
Fin. healthtop 29%
Markettop 32%
Techtop 32%
Talenttop 34%
Producttop 36%
Growthtop 49%
Globalbottom 45%
Newsbottom 24%
Moat: Top 1% by revenue among 87 tracked Cryptocurrencies companies · Editorial + unicorn rating 9/10
Customers: Play-Store rating 4.44★ across 418,874 ratings (1 apps) · Review volume +3% in 6 mo
rank vs industry peers · Fliar Intelligence Index 78/100
$247M8 mo agoSeries DNeeraj Khandelwal
Co-Founder
2018Apple iCloud MailGoogle WorkspaceNode.js+212 awards
2Polkarare
Blockchain-based network for non-fungible tokens
$4M61 mo agoSeedPramod Mahadik
Founder & CEO
2021——
3WazirX
Online exchange platform for cryptocurrency
$3M76 mo agoAcquiredSameer Mhatre
Co-Founder
2018SentryZendeskApple iCloud Mail+161 job opening · 1 launch
4Koinex
Cryptocurrency exchange platform
$2M100 mo agoDeadpooled—2017BootstrapAmazon Web ServicesjsDelivr+3—
5ASQI
Provider of agriculture technology and biochar solutions for sustainable farming
$1M54 mo agoSeedPalak Nanjani
Co-Founder & COO
2019WordPressMySQLPHP+27—
6Polynomial
Online platform offering DeFi platforms to enable trading in crypto futures and options
$1M56 mo agoSeedSalman Naseer
Co-Founder
2021GitBookNode.jsReact+9—
7Cryption
Exchange and liquidity solutions for cryptocurrency
$1M60 mo agoDeadpooled—2020——
8BTCC
Decentralized banking ecosystem
$1M90 mo agoDeadpooledShrirang Muley
Co-Founder & CEO
2018——
9MahaDAO
Decentralized stable coin backed by MahaDAO
$875K66 mo agoFunding Raised—2020——
10Cruize
Decentralized structured products protocol for volatile crypto assets
$500K31 mo agoDeadpooledSamarth Zalte
Co-Founder
2021——
11Rainmaker
App-based stocks and cryptocurrency gaming platform
$401K52 mo agoSeedAdarsh Himatsinghka
Co-Founder
2021——
12SwapSo
Provider of bitcoin solutions including card, gifting, and investment services
$350K—SeedAyush Pandey
Co-Founder
2023——
13FanTrade
Reward-based crypto and stocks game
$100K111 mo agoSeed—2009——

Top 12 Cryptocurrencies companies in Maharashtra

#1
CoinDCX 🦄
Series D · Mumbai, Maharashtra · founded 2018 · 98 employees
$246.7Mraised
▾

Cryptocurrency exchange and trading service provider. The platform enables users to buy, sell, and trade a broad range of digital assets using money with support for spot trading, margin and futures markets, and lending features. It offers fast KYC onboarding, seamless fiat conversion, and integrated products such as decentralized lending, staking, and an educational portal. Security protocols include proof-of-reserve audits and industry-standard infrastructure. The system delivers real-time analytics, trade automation tools, risk management dashboards, and multi-channel customer support.

Fliar Intelligence Index™ 78how this company ranks against its industry peers
Moat
top 17%
Customers
top 20%
Funding
top 21%
Fin. health
top 29%
Market
top 32%
Tech
top 32%
Moat: Top 1% by revenue among 87 tracked Cryptocurrencies companies · Editorial + unicorn rating 9/10 · Unicorn
Customers: Play-Store rating 4.44★ across 418,874 ratings (1 apps) · Review volume +3% in 6 mo · Marquee-customer mentions: top 17% of tracked companies
Funding: Raised $247M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series D (Oct 2025)
Audience (LinkedIn): 112k LinkedIn followers — 59.4% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
  • Oct 2025Series D—
  • Mar 2022Series D$135M
  • Jun 2021Series C$90.2M
  • Dec 2020Series B$13.9M
Founders & team
Neeraj KhandelwalCo-FounderSumit GuptaCo-Founder & CEO
Investors
Polychain, Bain Capital Ventures, HDR Group, Block.one, Jump Capital, Uncorrelated Ventures
Tech stack
Amazon AlbAmazon S3Amazon SesAmazon Web ServicesApple Icloud MailCloudflare
#2
Deadpooled · Pune, Maharashtra · founded 2021 · 5 employees
$500Kraised
▾

Decentralized structured products protocol for volatile crypto assets. The protocol offers users vaults to stake money and earn rates by combining derivatives and bonds in pre-packaged financial products known as structured products.

Funding rounds
  • Oct 2023ICO$500K
Founders & team
Samarth ZalteCo-Founder
Investors
BRC Blockchain Fund
#3
Seed · Mumbai, Maharashtra · founded 2021 · 3 employees
$4.2Mraised
▾

Blockchain-based network for non-fungible tokens. It features NFT Wallet for storing NFTs & digital assets; NFT Collateralized Loans for loans backed by NFTs; Collections for art, music & sports cards; Multichain NFT Marketplace for exchange & transactions; and more.

Funding rounds
  • May 2021ICO$2.2M
  • Apr 2021Seed$2M
Founders & team
Pramod MahadikFounder & CEO
Investors
DFG, AU21 Capital, Astronaut, OKEx Blockdream Ventures, X21 Digital, Playcent
#4
Seed · Mumbai, Maharashtra · founded 2019 · 20 employees
$1.4Mraised
▾

Provider of agriculture technology and biochar solutions for sustainable farming. The company offers tools for traceability, AI-powered decision-making, and IoT solutions to maximize yields. It facilitates access to financial resources and connects farmers with buyers. The company provides solutions for soil degradation, air pollution, and greenhouse gas emissions. It converts agricultural waste into soil-improving biochar.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Funding rounds
  • Dec 2021Seed$1M
  • Jun 2019Angel$427.4K
Founders & team
Palak NanjaniCo-Founder & COOSwapnil PawarCo-Founder & CEO
Investors
FOUNDERS ROOM CAPITAL, DMI Sparkle Fund, Onnivation, Newrl Asset Custody Trust
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAws Certificate ManagerBootstrapElementor
#5
Acquired · Mumbai, Maharashtra · founded 2018 · 300 employees
$2.9Mraised
▾

Online exchange platform for cryptocurrency. It allows users to trade in multiple currencies such as Bitcoin, Ethereum, Ripple, Litecoin, and more. It also provides advanced trading features such as tradingview and stop limit orders. The platform offers KYC verification system, customer support, and referral rewards for users.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 37k LinkedIn followers — 19.9% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Customer Happiness Champion (Escalations)
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Feb 2020ICO$2.9M
Founders & team
Sameer MhatreCo-FounderSiddharth MenonCo-FounderNischal ShettyCo-Founder & CEO
Investors
Kalaari Capital, Cognisa Capital, 3n Capital
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-JsEnvoy
#6
Seed · Pune, Maharashtra · founded 2021 · 6 employees
$1.1Mraised
▾

Online platform offering DeFi platforms to enable trading in crypto futures and options. The platform offers users on-chain prices using the option aggregator. It offers users the ability to earn yield in a sustainable way or hedge against divergent loss using various options strategies.

Funding rounds
  • Oct 2021Seed$1.1M
Founders & team
Salman NaseerCo-FounderGautham SanthoshFounderMubaris NKCo-Founder
Investors
Genblock Capital, Caballeros Capital, Archetype
Tech stack
CloudflareFramer SitesGoogle AnalyticsGoogle Font ApiGoogle WorkspaceHttp/3
#7
Deadpooled · Maharashtra · founded 2020 · 6 employees
$1.1Mraised
▾

Exchange and liquidity solutions for cryptocurrency. It enables users to buy, swap, earn, storage, exchange digital assets, and more. It also offers decentralized hedge funds and crypto market prediction solutions. The app is available for the iOS platform.

Funding rounds
  • Jun 2021ICO$240K
  • May 2021Seed$1.1M
Investors
Master, CMS Holdings, GravityX Capital, Genblock Capital, Ascensive Assets, AU21 Capital
#8
Deadpooled · Mumbai, Maharashtra · founded 2017 · 6 employees
$1.7Mraised
▾

Koinex is a cryptocurrency exchange focused on providing giving consumers access to multiple alternate currencies. Trading pairs supported currently include Ethereum, Ripple and Litecoin. Indian exchanges currently focus on being a Bitcoin first exchange and have limited support for on-platform trading of alt-coins. The platform allows retail investors to do the same within their platform.

Funding rounds
  • Feb 2018Angel$230.1K
  • Dec 2017Seed$1.1M
  • Oct 2017Seed$349K
  • Sep 2017Seed—
Investors
Beenext, Pantera Capital, Shuttle Holdings, Samyakth Capital, Venture Catalysts
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesBootstrapCloudflareGoogle Workspace
#9
Funding Raised · Mumbai, Maharashtra · founded 2020 · 21 employees
$875Kraised
▾

Decentralized stable coin backed by MahaDAO. It is an algorithmic cryptocurrency pegged on Maha token holders. It allows users to avail rewards for liquidity farming across chains in a blockchain infrastructure. Also, provides tools for staking, lending, borrowing, storing, and trading ARTH through Gasless wallets.

Funding rounds
  • Dec 2020ICO$875K
Investors
Black Edge Capital, Magnus Capital, Amesten Capital, Moonrockcapital, Hillrise Group, NetZero Capital
#10
Seed · Mumbai, Maharashtra · founded 2021
$400.8Kraised
▾

App-based stocks and cryptocurrency gaming platform. It helps users create cryptocurrency and stock portfolio strategies. Users can create multiple portfolios based on stocks and cryptocurrency knowledge. Users can compete against other players in various contests and can win prizes. The app is available on both Android and iOS platforms.

Funding rounds
  • Feb 2022Seed$400.8K
Founders & team
Adarsh HimatsinghkaCo-Founder
Investors
Mumbai Fabrics, ThinksmartBrother Capital, Johnson Dye Works
#11
Deadpooled · Pune, Maharashtra · founded 2018
$1Mraised
▾

BTC Credit is a decentralized banking ecosystem. Services offered include P2P loan system, crowdfunding, P2P exchange, and staking. Uses BTCC Tokens as a medium of exchange and BTCC Tokens as collateral. A borrower can borrow up to 75% LTV of the collateral value by pledging BTCC Token. Users can lend USDT backed by LDT Tokens whose value is 1 LDT:1 USDT, by deploying a smart contract on Ethereum Blockchain, with Bitcoin (BTC) as collateral by the borrower. Rewards the lender and the borrower with BTCC Token when a contract is deployed between them.

Funding rounds
  • Dec 2018Seed$1M
Founders & team
Shrirang MuleyCo-Founder & CEO
#12
Seed · Mumbai, Maharashtra · founded 2023
$350Kraised
▾

Provider of bitcoin solutions including card, gifting, and investment services. It offers a suite of tools designed for bitcoin transactions and management. These solutions include options for secure storage and self-custody. The company aims to simplify bitcoin accessibility and promote its use. It largest bitcoin education initiative in India.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Seed$350K
  • Grant (prize money)—
Founders & team
Ayush PandeyCo-FounderSuraj SinglaCo-Founder & CTOKaran GillFounder & CEO

Funding & investor landscape

$262.3Mtotal disclosed funding
13companies funded
23disclosed rounds
0rounds last 90 days
Most active investors
Genblock Capital3 rounds
AU21 Capital2 rounds
Cognisa Capital2 rounds
Magnus Capital2 rounds
Moonrockcapital2 rounds
Pantera Capital2 rounds
X21 Digital2 rounds
3n Capital1 rounds
Amesten Capital1 rounds
Andromeda Capital1 rounds

Notable founders

Neeraj Khandelwal
Co-Founder · CoinDCX
Sumit Gupta
Co-Founder & CEO · CoinDCX
Samarth Zalte
Co-Founder · Cruize
Pramod Mahadik
Founder & CEO · Polkarare
Palak Nanjani
Co-Founder & COO · ASQI
Swapnil Pawar
Co-Founder & CEO · ASQI
Sameer Mhatre
Co-Founder · WazirX
Siddharth Menon
Co-Founder · WazirX
Salman Naseer
Co-Founder · Polynomial
Gautham Santhosh
Founder · Polynomial
Adarsh Himatsinghka
Co-Founder · Rainmaker
Shrirang Muley
Co-Founder & CEO · BTCC
Prism market signals · India · country-scoped Prism corpus, 5,993,095 docs

Market landscape — 10 sub-themes by coverage

Share of Cryptocurrencies coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · India

How research on Cryptocurrency is moving in India

A read on the academic research around Cryptocurrency — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,565 India-affiliated papers.

research sentiment over time
201520212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 25% → 33% across 2015–2026.
top research entities
  • Amity University71
  • SRM Institute of Science and Technology68
  • Graphic Era University63
  • Vellore Institute of Technology University62
  • Lovely Professional University62
leading researchers
Sudeep Tanwar · Amit Kumar · Aviral Kumar Tiwari · Nrusingha Tripathy · Anita Gehlot · Vinod Kumar · D. G. Narayan · Neha Sharma
▲ Breakthroughs457 · 18%
▼ 25%→18% share
▼0.7× share momentum0 median citations85% since 2021mostly methods-led
Breakthroughs are cooling (25%→18% of field), led by Blockchain.
rising sub-themes (early→recent)
  • Blockchain2→161
  • Computer security8→117
  • Database transaction4→94
  • Transparency (behavior)1→47
  • Payment2→45
Newly emergingScalability 0→28 · Smart contract 0→24 · Distributed ledger 0→20
Landmark ZEUS: Analyzing Safety of Smart Contracts · 699 cites
◆ Advancements759 · 30%
▲ 14%→31% share
▲2.2× share momentum1 median citations90% since 2021mostly methods-led
Advancements are rising (14%→31% of field), led by Blockchain.
rising sub-themes (early→recent)
  • Blockchain1→215
  • Computer security2→207
  • Database transaction2→109
  • Digital currency5→90
  • Payment4→85
Newly emergingEconometrics 0→75 · Volatility (finance) 0→53 · Transparency (behavior) 0→50
Landmark Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales · 484 cites
▼ Concerns699 · 27%
▼ 50%→26% share
▼0.5× share momentum0 median citations83% since 2021mostly empirical
Concerns are cooling (50%→26% of field), led by Blockchain.
rising sub-themes (early→recent)
  • Blockchain1→165
  • Computer security7→167
  • Digital currency11→146
  • Payment5→87
  • Database transaction8→79
Newly emergingFinancial services 0→39 · Money laundering 0→38 · FinTech 0→36
Landmark A Survey on Security and Privacy Issues of Bitcoin · 1,053 cites
RESEARCH HOTSPOTS · India

Where cryptocurrency is researched across India

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Delhi-NCR167 · +0.22
Hot · Computer securityAdvancing · BlockchainOpportunity · Volatility (finance)Concern · Cash
Chennai123 · +0.42
Hot · Transaction processingAdvancing · TraceabilityOpportunity · Supply chainConcern · Financial system
Pune71 · +0.29
Hot · Transparency (behavior)Advancing · Financial marketOpportunity · EconometricsConcern · Commerce
Hyderabad42 · +0.43
Hot · Payment processorAdvancing · LedgerOpportunity · ScalabilityConcern · Blockchain
Bengaluru37 · +0.47
Hot · Distributed ledgerAdvancing · Key (lock)Opportunity · Computer security
Kolkata20 · +0.12
Hot · Monetary economicsOpportunity · Stock (firearms)Concern · Commerce
Mumbai16 · +0.50
Hot · Computer securityAdvancing · Database transactionOpportunity · Blockchain
Kanpur14 · +0.44
Hot · Smart contractAdvancing · Database transactionOpportunity · Volatility (finance)
Roorkee9 · +0.13
Opportunity · Econometrics
Kharagpur6 · +0.30
Opportunity · Computer security
PATENT SIGNAL · India

Who's filing cryptocurrency patents in India

India cryptocurrency patent filing is accelerating — 32 filings from 36 assignees (2016–2025), led by Baratam Praveen, Tata Consultancy Services, Parikh Jignashu; annual filings 1→9.

32 filings36 assigneespeak 9/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • Baratam Praveen14
  • Tata Consultancy Services6
  • Parikh Jignashu3
  • Yahoo3
  • Infosys2
  • Gunderia Mihir1
  • Vishwakarma Institute Of Technol1
  • Kavya N P1

Common questions

How many Cryptocurrencies companies are there in Maharashtra, India?
Radar tracks 81 indexable Cryptocurrencies companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Cryptocurrencies companies in Maharashtra, India?
The Cryptocurrencies companies in Maharashtra, India on this list have raised a combined $262.3M in disclosed equity funding across 13 funded companies.
Which is the highest-funded Cryptocurrencies company in Maharashtra, India?
CoinDCX is the highest-funded Cryptocurrencies company in Maharashtra, India, with $246.7M in disclosed equity funding.
How many Cryptocurrencies companies in Maharashtra, India are funded?
13 of the 81 Cryptocurrencies companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Cryptocurrencies unicorns are there in Maharashtra, India?
1 Cryptocurrencies company in Maharashtra, India on this list is valued at $1B or more.
Who are the top investors in Maharashtra, India Cryptocurrencies companies?
The most active investors in Maharashtra, India Cryptocurrencies companies on this list include Genblock Capital, AU21 Capital, Cognisa Capital, Magnus Capital, Moonrockcapital.
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