Zebpay Raises $1 Million to Promote Bitcoin Wallet In India
In India, Bitcoin is believed to pose legal, operational and regulatory challenges, according to the Reserve Bank of India. More recently, though, the same bank has endorsed blockchain technology. Riding on the tide of better international understanding of Bitcoin, an Ahmedabad-based startup Bitcoin exchange and wallet known by the name of Zebpay has managed to raise $1 million in series A funding to promote bitcoin and the blockchain throughout the South East Asian region. The investments received from Arjun Handa, the chief managing director of Claris Life Sciences (Rs 3 crore), Amit....
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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....
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....
India is a very attractive market for most of the Bitcoin companies. The country has its own homegrown Bitcoin companies and there are many international ones who are looking to set up shop in India. Zebpay is one such homegrown Bitcoin company. NewsBTC caught up with Sandeep Goenka, Co-founder of Zebpay and asked him a few questions. Here is what Sandeep had to say. NewsBTC: Can you tell us a bit about Zebpay? Sandeep: Zebpay is the world's simplest Bitcoin app. For regular people who are not geeks, using Bitcoins has a learning curve. You have to understand concepts like Bitcoin....
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....
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....