Bitcoin startup @Unocoin bags $1.5 million

Unocoin, a Bengaluru-based Bitcoin startup, has raised $1.5 million (approx. Rs 10 crore) in a funding round from Blume Ventures, Mumbai Angels and ah! Ventures along with international investors such as Digital Currency Group, Boost VC, Bnk to the Future and FundersClub. "These are exciting times...India is the perfect home for Bitcoin and blockchain technology," said Sathvik Vishwanath, CEO of Unocoin. "Over the coming months and years, we'll continue to build practical, useful features and tools on top of Bitcoin." Unocoin will use the funds for product development, team expansion and geographical expansion. "We discovered not only the leading Bitcoin company in India, but a determination to educate all stakeholders, simplify Bitcoin's usage, and bring another friction less layer to payments and commerce," said Karthik Reddy, Blume Ventures, which led the investment. St...

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