India seems to have found a new bitcoin superstar.
On Sept 28, Bengaluru-based Unocoin pronounced that it has lifted $1.5 million in appropriation from a brew of Indian and US investors. The three-year-old startups says this is a largest turn of funding for an Indian bitcoin company. Unocoin, that sells, buys and stores bitcoins for Indian customers, has over 100,000 users and some-more than 30 employees.
The income has come from organisations such as Blume Ventures, Mumbai Angels, ah! Ventures, along with general investors including Digital Currency Group, Boost VC, Bank, to a Future and FundersClub, a Reuters report said.
“These are sparkling times…India is a ideal home for Bitcoin and blockchain technology,” Satvik Vishwanath, a CEO of Unocoin, told a Economic Times newspaper. “Over a entrance months and years, we’ll continue to build practical, useful facilities and collection on tip of Bitcoin.”
Unocoin’s latest turn of investment comes two years after it raised $250,000 in seed appropriation from a US-based Bitcoin Opportunity Corp. The association now skeleton to use a supports for product development, group enlargement and geographical expansion.
Bitcoin is a digital banking that is combined and stored electronically. It also uses open-source and peer-to-peer record to operate