Mobile-based bitcoin payment company Zebpay has raised close to $1 million in Series A round led by growth equity investor Arjun Handa, CMD and VP of Claris Life sciences, along with other investors including Amit Jindal, MD of Jindal worldwide.
“We saw a lot of promise in what was happening at Zebpay and the founders also demonstrated a perfect combination of tech & business acumen that lead to quick decision to invest,” said Amit Jindal, MD, Jindal Worldwide.
Launched in 2012 by Mahin Gupta, Sandeep Goenka and Saurabh Agrawal, Zebpay deals with bitcoins (an encrypted digital currency) and claims to have over 25,000 users. The company has its own wallet for users to store bitcoins for online transactions.
It is working with a few government sections to offer its “blockchain” solution. “Even RBI, in its recent report on financial stability, has appreciated the strengths of the underlying ‘blockchain’ technology,” said Saurabh Agrawal, Co-founder, Zebpay.