Indian Bitcoin Wallet Zebpay Looks to Raise $5 Million in Funding

According to reports, Indian bitcoin wallet provider Zebpay is in talks to secure $4-$5 million in a Series-A round of funding.
By November, bitcoin wallet startup Zebpay is expecting to close Series-A funding of $4-$5 million, according to co-founder Saurabh Agarwal.
A report from Indian business daily The Economic Times revealed that the company is in discussions with multiple Indian investors and an unnamed US-based venture capital fund that has a track record in investing in blockchain technology endeavors.
Zebpay works as a mobile-only bitcoin wallet app, allowing users to buy, sell and store bitcoin. In a country that sees a burgeoning trend of smartphone adoption, Zebpay also allows users to pay cable and mobile telephony bills via its app with bitcoin. Shopping vouchers for shopping and travel websites like Amazon India and MakeMyTrip are also sold at discounted rates for Zebpay users.

This post was published at Crypto Coins News on 10/10/2016.