Coinswitch launches umbrella entity PeepalCo, restructures business

Cryptocurrency investor platform Coinswitch on Tuesday announced a new corporate entity, PeepalCo, which will house all its brands as part of a larger business restructuring.

Coinswitch is looking to diversify its offerings to include investment products like fixed deposits, exchange-traded funds (ETFs), etc.

"The brand restructuring will enable us to prosper through strong independent brands, each laser-focussed on innovating and going deeper into its domain. We believe, the distinct brand identities is the path to take to serve a nation as rich and vibrant as India," Ashish Singhal, cofounder and chief executive of Coinswitch, now PeepalCo, said in a post on X.



Explaining the leadership roles at the newly formed entity, Singhal said he will assume the role of group CEO, Vimal Sagar Tiwari as group chief operating officer, and Govind Soni as group chief technology officer.

ET reported in June this year that the Bengaluru-based company, backed by the likes of Tiger Global and Andreessen Horowitz, is planning to enter the stock broking space.

"Our ambition is to become a full-fledged wealth-tech platform. To that end, we have several products in our pipeline. As for applying to SEBI for a stockbroker's license, we will share details when we announce our new products," Singhal had told ET.