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.
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Funds Stem From International Investors and Strategic Indian Firms
During the announcement, Unocoin co-founder and president Sunny Ray said the team started the company to bring “Bitcoin to billions.” Ray said Unocoin presented an opportunity to build a platform that provides Indian citizens access to the cryptocurrency. The co-founder believes that, with the exchange’s latest capital funding, “Unocoin is strategically positioned to reach millions of people in the next few years.”
The Pre-Series funding round saw participation from international investors and top Indian venture firms. Backing came from Digital Currency Group, Boost VC, Bank to