2016/10/01 1:26 PM
BANGALORE, India – Unocoin, a Bangalore based Bitcoin startup, has raised $1.5 million USD in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history.
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Funding was sourced from well-known Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures, along with prominent international investors such as Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub.
“We’re honoured to have this type of support from top investors,” remarked Unocoin co-founder and CEO, Sathvik Vishwanath. “We started from my small hometown called Tumkur near Bangalore and our goal from the beginning was to make it easy to get bitcoin in India. A few years later, we are now headquartered in Bangalore with 30+ employees, serving more than 100,000+ customers…