Report: Indian Bitcoin Exchange Zebpay in Talks to Raise $4 Million
Indian bitcoin exchange and wallet provider Zebpay is reportedly in talks to raise $4 million in funding from domestic and international investors. Zebpay, a bitcoin services firm with offices in India and Singapore is in talks to raise what would be a record round of funding for a bitcoin startup in the country, according to local publication TechCircle. Saurabh Agarwal, chief executive and co-founder of the bitcoin company revealed Pantera Capital, a prolific US-based bitcoin investment firm has shown interest in the funding round. The funding round will be led by an unnamed Indian....
Related News
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....
We have been covering a lot about the Indian Bitcoin ecosystem for a while now, and in a recent post we have discussed the various features offered by prominent Indian Bitcoin start-ups in an attempt to get more people to adopt and use Bitcoin in their day-to-day transactions. Zebpay is one such Indian Bitcoin company which has made the process of Bitcoin transfer as easy as sending instant messages on WhatsApp or WeChat. Zebpay has recently started selling cash vouchers for e-commerce sites, which can be bought using Bitcoin. This way, the company is allowing its customers to indirectly....
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....
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....
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....