India May Get Major Bitcoin Boost as Unocoin Raises $1.5 Million
The Bangalore based Indian Bitcoin company Unocoin has raised US$ 1.5 million in pre Series-A round. This is the highest amount of money raised for a digital currency company in India. Money for Uncoin poured in from well known Indian venture capitalists like Blume Ventures, Mumbai Angels and ah! Ventures. International investors backing Uncoin include Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub. The Indian Landscape - Unregulated but holds promise. India is home to 1 billion plus people. It is also the world’s fastest growing economy with present....
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Unocoin, a trading platform in India, has reportedly been at the center of an intensifying debate in India over the legality and regulation of Bitcoin. The trading platform portends to be India's Bitcoin Exchange, and has shut down once before due to uncertainties over Bitcoin in the country. According to a BitcoinTalk Bitcoin Forum Hero Member, Dashingriddler (OP), who claims to be affiliated with the Unocoin team, the company's directors were asked to visit their local authorities this week. As OP writes, The officer is bothered about bitcoins coming to India bypassing the regulated....
Bitcoin in India is a huge opportunity for players to come in and reap rewards, but tread carefully, this market is full of risk. One company in particular is blazing trails in the Indian bitcoin market with little to zero competition. Bringing Bitcoin to Billions. Unocoin is positioning itself as the “Coinbase of India” for many reasons. They are fully compliant with standing regulations. This is imperative as bitcoin in India enters a murky grey area. UnoCoin currently operates across all of India with most of their clients and traffic coming out of Mumbai – the financial capital of....
Bangalore-based startup UnoCoin has raised an impressive $1.5 million in a pre-series A funding round. Bangalore-based startup UnoCoin has raised an impressive $1.5 million in a pre-series A funding round, the largest sum ever comprised for a digital currency company in India’s history. Among the investors were Blume Ventures, Mumbai Angels, Bank to the Future, Bitcoin Capital, FundersClub, and Digital Currency Group and Boost VC, headed by Barry Silbert and Adam Draper respectively. Expressing his enthusiasm, Silbert believes the company will do great things in the future: “Since making....
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....
Unocoin.com is India’s most popular bitcoin wallet. The company makes it super easy to securely buy, use and accept bitcoin. Unocoin is one of many bitcoin wallet and broker services that allow users to buy and sell bitcoin, then either let them hold it or send it to an address only the user has control. Unocoin, with offices in Bangalore and Tumkur, has been providing Bitcoin trading, storage, and merchant processing to the public in India since December 2013. Unocoin is also India’s number one bitcoin company. It currently holds about 40,000 users registered and with these numbers....