Zebpay raises $ 1 million to rise bitcoin technology

MUMBAI; Ahmedabad-based startup Zebpay has lifted $1-million (around Rs 6 crore) appropriation in sequence to foster bitcoins in India, even if a practical banking is nonetheless to get approach support from regulators opposite a globe, including a Reserve Bank of India.

In an disdainful to ET, a association pronounced Arjun Handa, arch handling executive of Claris Life Sciences, and Amit Jindal, handling executive of Jindal Worldwide, were a dual vital investors, who privately invested around Rs 3 crore and Rs 1crore, respectively.

Nagendra Chaudhary, authority during Jaipur-based Triangle Engineering, has invested another Rs 1 crore. There are a few other investors as well.

A partial of a appropriation will be used to rise a blockchain technology, that is used to record bitcoin exchange in a cumulative manner. Incidentally, RBI has in a latest financial fortitude report, permitted a intensity of ‘blockchain’ as a destiny mode of record for financial transactions.

“The sourroundings in India for cryptocurrency is intensely certain and we are formulation to utilize a volume to foster bitcoins as a arguable banking and investment option, enroll some-more e-vouchers on the mobile height with a aim to enhance the user



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