Indian Wallet Startup Zebpay Raises $1 Million to Promote Bitcoin
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....
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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....
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....
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....
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....
The ease of use associated with Bitcoin in India is part of why this digital currency has become so successful in recent times. Bitcoin seems to be on the right track over in India, as Zebpay recently announced they surpassed a significant volume milestone in transaction processing. This does not come as a big surprise, considering how well Bitcoin has been doing in the country as of late. Over the past ten months, Indian Bitcoin wallet startup Zebpay has processed a lot of transactions. So much even they surpassed the Rs 100-crore – Rs 1 billion – mark not too long ago, which is a....