# Sumit Gupta

> Sumit Gupta is an Indian entrepreneur, the CEO and co-founder of CoinDCX, a crypto unicorn and exchange startup, and alumni of IIT, Bombay.

- Canonical URL: https://iq.wiki/wiki/sumit-gupta
- Categories: People in crypto
- Tags: Founder
- Created: 2024-03-18T16:48:36.574Z
- Last updated: 2024-03-27T10:48:43.754Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Sumit Gupta** is the CEO and Co-founder of [CoinDCX](https://iq.wiki/wiki/coindcx), an Indian crypto [exchange](https://iq.wiki/wiki/cex-centralized-exchange) and Unicorn startup. [\[1\]](#cite-id-i21qar250ue)[\[2\]](#cite-id-5vv9doec38e)[\[3\]](#cite-id-fdytq5jbhoa)[\[4\]](#cite-id-tpluziwsxk)  
  
  
# Education  
  
Sumit Gupta is a graduate of the Indian Institute of Technology (IIT), Bombay earning a Bachelor of Technology degree in Electrical and Electronics Engineering in 2013. In 2014, he went for his Masters degree in Communications and Signal Processing. [\[2\]](#cite-id-5vv9doec38e)  
  
# Career  
  
In 2010, Sumit Gupta was a Software Engineer Intern at L&T Infotech. In 2011, he was a Research Fellow at Karlsruhe Institute of Technology (KIT). In 2012, he served as a Software Engineer Intern at Sony in Tokyo, Japan. In 2013, he moved to Columbia Business School as a Data Research Analyst. [\[2\]](#cite-id-5vv9doec38e)[\[5\]](#cite-id-zzfgf9z3fm)  
  
In 2014, Sumit returned to Sony where he served as a Software Engineer for a year. In January 2016, he co-founded ListUp™, a place for people to buy & sell pre-owned electronics. [\[2\]](#cite-id-5vv9doec38e)  
  
## CoinDCX  
  
In March 2018, Sumit Gupta co-founded [CoinDCX](https://iq.wiki/wiki/coindcx) alongside [Neeraj Khandelwal](https://iq.wiki/wiki/neeraj-khandelwal). CoinDCX is an Indian-based crypto exchange that aggregates global liquidity and trading services onto a single platform. It is backed by investors such as [Polychain Capital](https://iq.wiki/wiki/polychain-capital), [Coinbase Ventures](https://iq.wiki/wiki/coinbase), [Bain Capital Ventures](https://iq.wiki/wiki/bain-capital-ventures), and HDR Group, operator of [BitMEX](https://iq.wiki/wiki/bitmex). [\[3\]](#cite-id-fdytq5jbhoa)  
  
> "CoinDCX acts as an aggregator of trading services. Instead of buying cryptocurrencies with fiat on one platform, trading across currencies on another, and trading with leverage on a third - CoinDCX sustains and operates multiple instruments - through a single gateway." - Sumit wrote on his Linkedin profile[\[2\]](#cite-id-5vv9doec38e)  
>   
> "We’re aiming to (and successfully executing) an industry-wide abridgment of trading services. CoinDCX makes trading in digital assets easier than ever."  
  
In August 2021, [CoinDCX](https://iq.wiki/wiki/coindcx) became Indiaʼs first crypto unicorn after raising $90 million (INR 670 crores) in their Series C funding at a valuation of $1.1 billion. [\[6\]](#cite-id-w0f7x5k9ll)  
  
> ‘‘The funds raised will be allocated to expand (bring more Indians to crypto / make crypto a popular investment asset class in India) and strengthen our workforce that will cater to our growth story. We will hire talent across multiple functions, and focus on new business initiatives.   
> Apart from this, we will be joining hands or enter into partnerships with key fintech players to expand the crypto investor base, set up a Research & Development (R&D) facility, strengthening the policy conversations through public discourse, working with the government to introduce favorable regulations, education, and amping up the hiring initiatives.’’ - Gupta quoted[\[6\]](#cite-id-w0f7x5k9ll)  
  
Gupta played a crucial role in launching the Bharat Web3 Association and has launched initiatives like Unfold, Namaste Web3, and others to support building a robust Web3 ecosystem in India. CoinDCX also has a learning academy dedicated to [blockchain](https://iq.wiki/wiki/blockchain) and [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency). The platform offers guides, articles, courses, and lectures related to the [web3](https://iq.wiki/wiki/web3) space. [\[7\]](#cite-id-271ucvdsd57)  
  
CoinDCX's product offerings include DCX Margin, DCX Lend, DCX Futures, DCX Insta, and DCX Staking. [\[3\]](#cite-id-fdytq5jbhoa)  
  
Sumit Gupta was honored with the Forbes India Youth Icon Award and the Indian Achievers Award, CEO of the Year 2020. [\[5\]](#cite-id-zzfgf9z3fm)