India’s Zebpay Adds 20,000 New Users Monthly, Looks to “Expand More Aggressively”
Zebpay, an app-based bitcoin exchange, has just crossed the 100,000 downloads milestone for Android and iOS devices, highlighting “India’s growing interest in bitcoin as an investment, commodity and technology.” Eyeing a user-base of more than 450,000 by the end of 2016, Zebpay is now in the process of raising additional funding to “expand more aggressively in India,” Sandeep Goenka, co-founder and COO of Zebpay, told Bitcoin Magazine.
Founded in 2015 by computer engineer, Mahin Gupta, and businessmen, Saurabh Agrawal and Sandeep Goenka, Zebpay is a startup specializing in bitcoin-related products and services. Through its mobile apps, Zebpay allows users to buy and sell bitcoins for Indian rupees, buy airtime top-ups, pay bills and buy Amazon vouchers.
Over 3.5 billion INR (US$52 million) worth of bitcoins have been traded over Zebpay so far, and the startup has been welcoming 20,000 new users every month. Zebpay is now looking for additional capital to fuel its expansion plans. “Bitcoin is just the first step in the new ‘digital asset revolution,’” Goenka said. “We aim to be India’s leading digital asset company.”
This post was published at Bitcoin Magazine on Sep 05, 2016.