Last week we interviewed, CoinDCX (@CoinDCX), India’s first crypto unicorn🦄
- Founded in 2018
- Onboarded 3.5 million+ users (so far)
- Team of 200+ people
- User signUps increased by 235.8%
Exponential growth, right?
Here are 7 business lessons we learned from CoinDCX
🧵👇
- Founded in 2018
- Onboarded 3.5 million+ users (so far)
- Team of 200+ people
- User signUps increased by 235.8%
Exponential growth, right?
Here are 7 business lessons we learned from CoinDCX
🧵👇
1/ In business, starting early is important
CoinDCX proved it.
They didn't wait for the crypto industry to explode in India.
In fact, the co-founder Sumit Gupta (@smtgpt) had the vision of building CoinDCX in 2014.
CoinDCX proved it.
They didn't wait for the crypto industry to explode in India.
In fact, the co-founder Sumit Gupta (@smtgpt) had the vision of building CoinDCX in 2014.
2/ Experience pays
Result of starting a business with little to no experience in the field?
Rookie mistakes made by the team.
At CoinDCX, this is not the case.
Both Sumit Gupta & Neeraj Khandelwal (@nrjkhandelwal) have years of experience in the technology & crypto field.
Result of starting a business with little to no experience in the field?
Rookie mistakes made by the team.
At CoinDCX, this is not the case.
Both Sumit Gupta & Neeraj Khandelwal (@nrjkhandelwal) have years of experience in the technology & crypto field.
Continued...
Both of them had years of collective experience working for the likes of Sony Japan, DoorMint, etc.
As a business owner you need to take a lot of importance decisions related to product development, vision, etc.
And, aving the experience helps to shape the idea.
Both of them had years of collective experience working for the likes of Sony Japan, DoorMint, etc.
As a business owner you need to take a lot of importance decisions related to product development, vision, etc.
And, aving the experience helps to shape the idea.
3/ Never Give up attitude
In the early days of CoinDCX, the RBI ordered financial banks to stop providing banking services to crypto companies.
They had 2 options.
Give up or pivot to a different strategy.
And, they chose the latter and started from scratch.
In the early days of CoinDCX, the RBI ordered financial banks to stop providing banking services to crypto companies.
They had 2 options.
Give up or pivot to a different strategy.
And, they chose the latter and started from scratch.
4/ Futuristic business approach
CoinDCX's vision is to make cryptocurrencies accessible to 50 million users in India.
This won't take too long for CoinDCX if they continue to grow like this.
Not only that.
They are also planning to double down on the international expansion.
CoinDCX's vision is to make cryptocurrencies accessible to 50 million users in India.
This won't take too long for CoinDCX if they continue to grow like this.
Not only that.
They are also planning to double down on the international expansion.
5/
Like this, you'll get a ton of insights and lessons from reading the full story of CoinDCX here.
Read CoinDCX's full story here 👉keevurds.com/brands/coindcx…
Like this, you'll get a ton of insights and lessons from reading the full story of CoinDCX here.
Read CoinDCX's full story here 👉keevurds.com/brands/coindcx…
TL;DR
1/ In business, starting early is important
2/ Experience helps in building a successful startup
3/ Never Give up attitude
4/ Futuristic business approach
Liked this?
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#business #startup
1/ In business, starting early is important
2/ Experience helps in building a successful startup
3/ Never Give up attitude
4/ Futuristic business approach
Liked this?
-RT the first tweet of this thread and let people enjoy the insights.
#business #startup
* Apology for the typo.
It should have 4 lessons instead of 7 lessons🙏
It should have 4 lessons instead of 7 lessons🙏
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