Indian Bitcoin Startup Zebpay Raises $1 Million
A bitcoin wallet startup based in India has raised $1m in Series A funding from a group of angel investors. Zebpay, which offers a mobile app for buying and selling bitcoin, said that it drew support from a group that includes textile industry veteran Amit Jindal; Claris Life Sciences vice chairman Arjun Handa; and engineer and developer Nagendra Chaudhary. According to a report by the Times of India, Handa and Jindal invested roughly $450,000 and $150,000 during the round, respectively. The firm plans to use the money to fund its bitcoin wallet as well as additional blockchain-based....
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Indian bitcoin startup Zebpay has raised $1 million in funding from several investors in the country. The funds will be used to promote the cryptocurrency in the country of over a billion people and in the setting up of a dedicated blockchain laboratory for research. Indian bitcoin wallet startup Zebpay, has successfully raised a second round of funding of $1 million for the primary goal of promoting bitcoin in India. There are no current laws in the country that deem Bitcoin trading or accepting bitcoins as an illegal act. Incidentally, India’s central bank, the Reserve Bank of India....
According to reports, Indian bitcoin wallet provider Zebpay is in talks to secure $4-$5 million in a Series-A round of funding. By November, bitcoin wallet startup Zebpay is expecting to close Series-A funding of $4-$5 million, according to co-founder Saurabh Agarwal. A report from Indian business daily The Economic Times revealed that the company is in discussions with multiple Indian investors and an unnamed US-based venture capital fund that has a track record in investing in blockchain technology endeavors. Zebpay works as a mobile-only bitcoin wallet app, allowing users to buy, sell....
We have been covering a lot about the Indian Bitcoin ecosystem for a while now, and in a recent post we have discussed the various features offered by prominent Indian Bitcoin start-ups in an attempt to get more people to adopt and use Bitcoin in their day-to-day transactions. Zebpay is one such Indian Bitcoin company which has made the process of Bitcoin transfer as easy as sending instant messages on WhatsApp or WeChat. Zebpay has recently started selling cash vouchers for e-commerce sites, which can be bought using Bitcoin. This way, the company is allowing its customers to indirectly....
Indian bitcoin startup Zebpay has launched its new mobile wallet for the Android phone. The company's founders issued a statement regarding the wallet and its alleged ease of use, saying: "Zebpay is the world's first Bitcoin mobile wallet targeted at everyone, not just geeks... If you use popular instant messaging apps, then you already know how to use Zebpay... Once you download Zebpay you can simply send and receive bitcoins to anyone from your contact book. Really, that's all there is to it." Zebpay recently won the top prize at the CoinAgenda conference's startup competition. Founder....
Zebpay, an app-based bitcoin exchange, has just crossed the 100,000 downloads milestone for Android and iOS devices, highlighting "India's growing interest in bitcoin as an investment, commodity and technology." Eyeing a user-base of more than 450,000 by the end of 2016, Zebpay is now in the process of raising additional funding to "expand more aggressively in India," Sandeep Goenka, co-founder and COO of Zebpay, told Bitcoin Magazine. Founded in 2015 by computer engineer, Mahin Gupta, and businessmen, Saurabh Agrawal and Sandeep Goenka, Zebpay is a startup specializing....