Archive · 5 Aug 2025
Entrepreneur's Journey: From ₹5 Consultations to $2 Billion Company
Ashish Singhal, the co-founder of CoinSwitch, talks about how his dad, a doctor who charged very little, taught him the value of building things.
Inspired by this, Ashish saved money and started a business that failed.
He then launched CoinSwitch with his friends.
The company is now worth a lot of money.
Ashish chose to save and create instead of spending, believing that building is the best way to succeed.
People on LinkedIn reacted positively to his story.
Ashish Singhal, co-founder of CoinSwitch, shared how his father's value-driven approach inspired him.
Singhal saved ₹25 lakh after working at Amazon for two years, giving most of it to his parents and investing in a failed business.
CoinSwitch, an Indian cryptocurrency exchange, was built by Singhal and his friends, Govind Soni and Vimal Sagar Tiwari.
The company is now valued at approximately $2 billion (₹17.5 thousand crore).
Singhal focused on saving and building, contrasting with the consumer-focused approach of many in their 20s.
- Who
- Ashish Singhal, his father, Govind Soni, and Vimal Sagar Tiwari.
- What
- Ashish Singhal shared how his father's lessons on value helped him build a successful company.
- When
- The article doesn't specify when these events occurred.
- Where
- The article does not specify a location.
- Why
- To share the story of his entrepreneurial journey and how his father's values influenced him.
Focus on Savings
Focus on Consumption
Spending vs. Saving in Youth
Focus on Savings
Prioritize saving and investment to build a future.
Focus on Consumption
Focus on spending and enjoying the present.
- Entrepreneur
- Ashish Singhal
- Company
- CoinSwitch
- Industry
- Cryptocurrency Exchange
- Valuation
- $2 billion (₹17.5 thousand crore)
- Co-founders
- Ashish Singhal, Govind Soni, Vimal Sagar Tiwari