Indian Bitcoin Exchange Unocoin Raises a Record $1.5 Million in Funding
Indian bitcoin exchange Unocoin has raised $1.5 million in a Pre Series-A funding round, the highest amount raised for any digital currency venture in the country. Unocoin, an Indian bitcoin startup that offers a trading platform for Indian customers to buy, sell and store bitcoins has raised a record $1.5 million in a round of funding, the company announced on Thursday. Founded in December 2013, Unocoin is headquartered in Bangalore, a city that is commonly deemed the “Silicon Valley of India.” Over the past near-three years, the company has grown to house 30 employees while clocking over....
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Bangalore, India-based Bitcoin exchange Unocoin has become the highest-funded digital currency startup in India. The company has announced it has raised $1.5 million in a Pre-Series A funding round. Funds Stem From International Investors and Strategic Indian Firms. During the announcement, Unocoin co-founder and president Sunny Ray said the team started....
Unocoin, one of India’s leading Bitcoin companies, has just unveiled its first Application Programming Interface (API) release. The company is providing the API to help curate the cryptocurrency market within India. Unocoin Releases Application Programming Interface for Startups and Entrepreneurs. Unocoin has been expanding its operations following a....
Indian bitcoin exchange startup Uncoin has raised $1.5m in new funding. The pre-Series A round featured a mixture of domestic and international investors, including ah! Ventures, Blume Ventures (which led the round) and Mumbai Angels, as well as BoostVC, BnkToTheFuture, Digital Currency Group and FundersClub. The funding round, Unocoin's second after a previous seed round, comes less than three years after the Bangalore-based exchange first launched and months after it passed 100,000 customers. According to Ray, the funds will be used for a variety of purposes, including providing....
Prominent Indian bitcoin startup Unocoin has raised a national record-setting $1.5 million in a Pre-Series A funding round from a group of international and Indian venture capital funds. The funds were raised from Indian investors Blume Ventures, Mumbi Angels, ah! Ventures, and international investment firms Bitcoin Capital, Bank To The Future, Digital Currency Group, Boost VC and FundersClub. According to Unocoin CEO, Sathvik Vishwanath, “India has the largest gold, inward remittance, and IT markets in the world, all of which make it a perfect home for bitcoin and blockchain technology.”....
Unocoin, an Indian bitcoin exchange that facilitates the country’s users to buy, sell and store bitcoins has blocked access to user accounts. The drastic move is a “temporary” measure, the bitcoin startup adds, noting that it is facing a “DNS resolution issue” since the early hours of November 3, Indian time. An email sent out to customers read: Please note that due to a DNS resolution issue that Unocoin.com is facing since 3rd November 2016 morning, the access to Unocoin.com accounts are temporarily restricted. We shall update you shortly once we resume to normal. Due to the same reason,....