Zebpay Aims to Secure $5 mln, Increase Bitcoin Mainstream Adoption in India
Indian Bitcoin wallet service provider Zebpay is set to secure a $5 mln funding round by October 2016 from prominent US-based venture capital firms. Zebpay co-founder Saurabh Agrawal stated in an interview that the company is pursuing major deals with leading investors to obtain a multi-million Series A funding round, which will raise the total investment in Zebpay to $6 mln. In early January, the Indian Bitcoin startup secured a $1 mln investment from angel investors including Jindal Worldwide managing director Amit Jindal, leading the round with personal investments. Rapidly Increasing....
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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....
Bitcoin adoption has been making a lot of headway in the remittance markets, as well as the unbanked and third world markets. Zebpay thrives in these markets. Starting as a bitcoin exchange known as buysellbitco.in, Zebpay quickly became a bitcoin-based mobile wallet provider in September of 2014. Zebpay is India’s first bitcoin app, allowing people to buy, sell, or transaction bitcoin. Besides exchanging from fiat to BTC, Zebpay has also transacted Flipkart and Amazon vouchers among others, with IPL tickets soon to come. Now Zebpay is in discussion with a developer in Ahmedabad who wants....
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....
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....
India is an ideal place for Bitcoin startups. It has the right startup culture, huge market opportunity and a growing economy. Thanks to the growing market opportunities and enthusiastic startup community, we are seeing a lot of emerging Bitcoin companies entering the market. Here are some of the Indian Bitcoin based startups - UnoCoin: Unocoin is one of the leading Bitcoin exchange in India at the moment. Unocoin is based out of Bangalore and Tumkur, is part of CoinMonk Ventures Private Limited. They are referred to as the Coinbase of India. Unocoin offers Bitcoin wallet and exchange....