Sumit
Gupta.

Sumit Gupta grew up in Rahi, a small village in Madhya Pradesh with maybe 100–150 houses. His family moved around Madhya Pradesh before eventually settling in Indore. He was always short, so he sat in the front row at school — every teacher could see exactly what he was doing, which forced a discipline that became a lifelong asset.

That discipline carried him through Kota coaching all the way to IIT Bombay, where he earned dual degrees in Electrical Engineering (B.Tech and M.Tech), with research fellowships at Karlsruhe Institute of Technology in Germany and Columbia Business School in New York. After graduating, he joined Sony in Tokyo, working on the Cyber-shot camera team and conceiving the Auto-Portrait Framing feature now used across all Sony DSC cameras worldwide.

He returned to India in 2015, co-founded ListUp — one of India's first location-based marketplaces for pre-owned electronics backed by Kae Capital and Kunal Shah — and grew it into a multi-million dollar business within a year. In 2018, Sumit and his IIT classmate Neeraj Khandelwal pooled their savings and launched CoinDCX from a flat in Mumbai. Weeks later, the RBI banned crypto banking. Seed round collapsed overnight. They stayed, fought to the Supreme Court, and won.

By 2021, CoinDCX raised $90M and became India's first crypto unicorn. In 2025, Coinbase — the world's largest publicly listed crypto exchange — invested at a $2.45B valuation. Today, DCX Group serves over 20 million users across India and the UAE, with annualised revenues exceeding ₹1,179 crore and assets under custody over ₹10,000 crore.