Latest news with #PeepalCo
Time of India
02-07-2025
- Business
- Time of India
Coinswitch debuts its Web3 coins
Cryptocurrency exchange CoinSwitch is introducing Web3 Coins , an offering which allows users to trade over 1 lakh emerging crypto tokens directly in INR — without the usual complexities of wallets, token swaps, or network fees. The launch comes amid rising investor interest in early-stage tokens such as meme coins, utility tokens, governance tokens, and stablecoins. Over 34% of CoinSwitch's active users have engaged with new tokens in the last six months, and the company expects at least 25% of its user base — currently over 2 crore — to explore Web3 Coins, Ashish Singhal, co-founder, Peepal Co, the holding company of Coinswitch told ET. 'Today, 99.9% of Indian users are unable to access decentralised tokens due to the technical complexity. Web3 Coins brings the simplicity of buying Bitcoin on CoinSwitch to thousands of new tokens,' he said. Crypto Tracker TOP COIN SETS NFT & Metaverse Tracker 3.25% Buy Crypto Blue Chip - 5 0.73% Buy DeFi Tracker 0.67% Buy Web3 Tracker -1.95% Buy AI Tracker -2.76% Buy TOP COINS (₹) Bitcoin 9,061,834 ( -1.37% ) Buy BNB 55,416 ( -1.7% ) Buy XRP 187 ( -2.91% ) Buy Ethereum 206,438 ( -3.09% ) Buy Solana 12,627 ( -4.65% ) Buy Decentralised tokens such as Lido, Uniswap, Jupiter, PancakeSwap are fast growing and today hold a market cap of nearly $11.83 billion, according to crypto data platform CoinGecko. Globally, decentralised exchanges account for nearly 200 million unique trading addresses. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » These are different from centralised tokens such as Bitcoin, Ethereum, Solana which are listed and managed by centralised crypto exchanges like Binance, or Coinbase. These platforms control which tokens get listed, provide customer support, and manage custody. But decentralised tokens can be created by anyone leading to faster innovation but also higher risks. Web3 Coins by CoinSwitch bridges these two worlds. Unlike traditional centralised exchanges, which take weeks or months to list new tokens, Web3 Coins allows users to access eligible tokens within 24 hours of their launch — giving investors an early advantage in discovering high-potential crypto assets , Singhal explained. For instance, while a popular meme coin like Shiba Inu became widely available months after launch, early adopters trading via decentralised exchanges had already seen significant gains. Founded in 2017, CoinSwitch is has raised $300 million from global investors such as Coinbase Ventures, Tiger Global, and Sequoia Capital India. In the last 7–8 months, CoinSwitch has seen a 50% jump in organic signups. Although trading volumes are lower than the 2021 peak, Singhal said 2025 is shaping up to be one of the company's strongest years in terms of investor participation, Singhal said.
Mint
22-05-2025
- Business
- Mint
‘Biggest scam?' Bengaluru CEO's grim outlook on middle-class salaries sparks debate
Are middle-class salaries the 'biggest scam' that nobody talks about? That's the question that a Bengaluru-based entrepreneur has come up with—and it's hitting home for a lot of folks online. In a candid LinkedIn post, Ashish Singhal, the Group CEO of fintech firm PeepalCo, didn't mince words. He called out what he described as 'the biggest scam no one talks about': the slow, silent squeeze on India's middle class. 'This isn't a collapse. It's a well-dressed decline,' he wrote, arguing that the illusion of financial stability is being stitched together with EMIs, credit card debt, and dreams downsized to fit tighter budgets. Citing numbers to substantiate his claim, Ashish Singhal stated that over the past 10 years, the group earning under ₹ 5 lakh saw a 4 per cent compound annual growth rate (CAGR), while the ₹ 5 lakh – ₹ 1 crore income group has seen just 0.4 per cent CAGR. And yet, on the surface, everything looks fine, opined the Bengaluru CEO. People are still taking that one vacation a year. Phones are getting smarter. EMIs are being paid. But a peek behind the scenes reveals delayed doctor visits, medical check-ups, delayed home repairs, and savings that barely exist, said Singhal. A Bengaluru CEO's take on middle-class salaries. 'But you're also skipping the savings. Delaying the doctor visit. Doing the mental math in every Zomato checkout,' wrote the CEO. Concluding his post, the CEO asked his followers if they think "it's just an income issue, or even a money management issue?" "Good one. But, as CEO, what was the pay rise you gave to your employees vis-a-vis yours? That should be interesting to know," one user commented on the post. 'Crying on any platform won't make any difference. India was moving on like this and will continue like this. Nothing's gonna change here. Even after so much tax, there is nothing in return. Whoever can and gets the opportunity, just leaves the country, that's it. But again, salary alone can't make anyone wealthy anywhere in the world,' said another. Several other users supported the CEO and appreciated him for highlighting the matter.
&w=3840&q=100)
Business Standard
22-05-2025
- Health
- Business Standard
Mental health insurance in India seems fine, until you read the fine print
India will have 60-70 million people living with mental illness over the years — a number comparable to France's population, said Ashish Singhal, group chief executive officer of PeepalCo, a canopy housing a collection of brands serving India with tailored wealth-tech products. Online searches for mental health insurance increased 41 per cent last year as reported by but actual coverage leaves much to be desired. Singhal outlined typical insurance terms for mental health: Mental illness coverage is now mandatory for all insurers Every health insurance policy 'includes' mental health However, he says the ground reality is different: Coverage only if a person is hospitalised In Singhal's words, 'the system is designed to fail.' Unlike physical health issues, where hospitalisation, medicines, and consultations are all covered, mental health treatment is only supported in extreme cases. Most policies require the patient to be hospitalised before any meaningful coverage kicks in, a condition that doesn't reflect mental health care in real life. Singhal says that less than 1 per cent of all health insurance claims in India are for mental health treatment. 'Someone needs to work on preventive-first insurance claims rather than emergency-first ones.' A call for real change While states like Karnataka are showing the highest interest in mental health insurance (based on Google search trends), Singhal believes this is a beginning. His message is clear: if we truly want to make mental health a priority, the insurance ecosystem needs to catch up, not just with intent, but with real, accessible coverage.
Mint
22-05-2025
- Business
- Mint
'Biggest scam?': Bengaluru CEO's grim outlook on middle-class salaries sparks debate
Are middle-class salaries the 'biggest scam' that nobody talks about? That's the question that a Bengaluru-based entrepreneur has come up with—and it's hitting home for a lot of folks online. In a candid LinkedIn post, Group CEO of fintech firm PeepalCo, Ashish Singhal didn't mince words. He called out what he described as 'the biggest scam no one talks about': the slow, silent squeeze on India's middle class. 'This isn't a collapse. It's a well-dressed decline,' he wrote, arguing that the illusion of financial stability is being stitched together with EMIs, credit card debt, and dreams downsized to fit tighter budgets. Citing numbers to substantiate his claim, Ashish Singhal stated that over the past 10 years, the group earning under ₹ 5 lakh saw a 4 per cent compound annual growth rate (CAGR), while the ₹ 5 lakh – ₹ 1Cr income group has seen just 0.4 per cent CAGR. And yet, on the surface, everything looks fine, opined the Bengaluru CEO. People are still taking that one vacation a year. Phones are getting smarter. EMIs are being paid. But a peek behind the scenes reveals delayed doctor visits, medical check-ups, delayed home repairs, and savings that barely exist, said Singhal. The Bengaluru CEO's take on middle-class salaries 'But you're also skipping the savings. Delaying the doctor the mental math in every Zomato checkout,' wrote the CEO. Concluding his post, the CEO asked his followers if they think "it's just an income issue, or even a money management issue?" "Good one. But, as CEO, what was the pay rise you gave to your employees vis-a-vis yours? That should be interesting to know," one user commented on the post. 'Crying on any platform won't make any difference. India was moving on like this and will continue like this. Nothing's gonna change here. Even after so much tax, there is nothing in return. Whoever can and gets the opportunity, just leaves the country, that's it. But again, salary alone can't make anyone wealthy anywhere in the world,' said another. Several other users supported the CEO and appreciated him for highlighting the matter. It is not just Ashish Singhal's post about the salaried middle class that has stirred up a debate. Earlier, Marcellus Investment Managers' CIO Saurabh Mukherjea, in a podcast, predicted a grim outlook for India's middle class in this decade, with the declining white-collar employment rates along with the rise in artificial intelligence.
NDTV
22-05-2025
- Business
- NDTV
"Biggest Scam": Bengaluru CEO's Post On Middle-Class Salary Crisis Sparks Debate
A Bengaluru CEO's LinkedIn post on "middle-class salaries" has sparked a discussion online. In his post, Ashish Singhal, co-founder and Group CEO of PeepalCo, said that with soaring expenses and stagnant salaries, the middle-class is quietly absorbing the economic shock, with no bailouts, no headlines and barely any conversation. "The biggest scam no one talks about? Middle-class salaries," he wrote, explaining the crisis this group faces. "Over the past 10 years: - The group earning under Rs 5L saw a 4% CAGR - Rs 5L- Rs 1Cr income group has seen just 0.4% CAGR - Food prices? Up nearly 80% - Purchasing power? Cut almost in half - But spending? Up, funded by credit," Mr Singhal wrote. "This isn't a collapse. It's a well-dressed decline. You're still flying once a year. Still buying a phone. Still paying EMIs," he continued. Further, the CEO claimed that while the middle class is struggling, artificial intelligence (AI) is quietly threatening white-collar jobs, and the ultra-rich have gained seven times in a decade. "The poor are being supported. The rich are scaling. The middle class is just expected to absorb the shock, in silence. No complaints. No bailouts. Just inflation, EMIs, and quiet pressure," he wrote. "It's time we start talking about this group. Not as a vote bank or a spending class, but as a segment that's powering the economy, yet getting squeezed out of it," Mr Singhal expressed. Concluding his post, the CEO asked his followers if they think "it's just an income issue, or even a money management issue?" Since being shared, Mr Singhal's post has accumulated more than several comments and reports. It has sparked a debate on the silent crisis facing India's middle class. Reacting to the post, one user wrote, "I am picking this signal consistently from a wide variety of sources. The middle class is quietly getting squeezed from both sides. But it's also its own fault for choosing to stay quiet and naively hoping that just staying the course of 9 to 9 jobs, home loans and car loans will improve the situation. The middle class's guilt is that it's taken too much on its own self and asks too little from the government. As they say, excess of nothing is good - being excessively conforming and hard working - has led to being stuck between the devil and the deep sea." "Well said! Middle class themself don't allow to think but gets driven by Agenda's set by others and keep draging thereby lost thier Willpower /Courage to Question," commented another. "This is quite interesting to read and yes thanks for putting this up. Because there are multiple bread earners in middle class segment who think that no matter how much they work hard the savings pot still remains empty. Maybe that's the reason middle class category stays in the same stage while the rich grow their wealth. I suppose there should be a system to help middle-class in upward mobility or atleast efforts should be made to balance the inflation," said a third user. However, one user said, "Crying on any platform won't make any difference. India was moving on like this and will continue like this. Nothing's gonna change here. Even after so much tax, there is nothing in return. Whoever can and gets the opportunity, just leaves the country, that's it. But again, salary alone can't make anyone wealthy anywhere in the world." "Good one. But, as CEO, what was the pay rise you gave to your employees vis-a-vis yours? That should be interesting to know," commented another.
