Indian Bitcoin Startup Unocoin Holds Record-Setting Fundraiser
Unocoin, a Bangalore based Bitcoin startup, has raised $1.5 million USD in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history. Unocoin Gets a Boost from Big Players Like DCG. Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures, along with prominent international investors such as Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub. “We’re honoured to have this type of support from top investors,” remarked Unocoin co-founder and CEO, Sathvik Vishwanath. “We....
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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,....
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....
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....
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.”....
Over the past few months, local Indian Bitcoin exchanges including Unocoin have shown enormous growth, primarily due to the demonetization of banknotes and the financial crisis which subsequently hit the Indian economy. In November and December, Unocoin hit record-breaking trading volumes, reaching the highest total monthly Bitcoin trading volume in November. The company also announced that it obtained the most users in a month in November, after the announcement by Indian Prime Minister Narendra Modi to impose strict financial regulations. A Unocoin spokesperson tweeted: November was yet....