29 Sep '16, 6pm

Indian Bitcoin Exchange Unocoin Raises $1.5 Million

Indian Bitcoin Exchange Unocoin Raises $1.5 Million

Indian bitcoin exchange startup Uncoin has raised $1.5m in new funding. The pre-Series A round featured a mixture of domestic and international investors, including ah! Ventures, Blume Ventures (which led the round) and Mumbai Angels, as well as BoostVC, BnkToTheFuture, Digital Currency Group and FundersClub. The funding round, Unocoin's second after a previous seed round, comes less than three years after the Bangalore-based exchange first launched and months after it passed 100,000 customers. According to Ray, the funds will be used for a variety of purposes, including providing liquidity to its marketplace as well as scaling the exchange's operations both in India and abroad. One possible avenue would be to use some of the funds to market the exchange more effectively within India's major cities. He told CoinDesk in an interview: "One of the things we're looking at is h...

Full article: http://www.coindesk.com/indian-bitcoin-exchange-unocoin-r...

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Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, th...

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NEW YORK Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. inve...

Bitcoin startup @Unocoin bags $1.5 million

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Indian Bitcoin Exchange Unocoin Secures $1.5M in Funding

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.@BlumeVentures, others invest $1.5 mn in @btcxindia startup @Unocoin | @MumbaiAngels @ahventures

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