Share this article
Indian Bitcoin Startup Zebpay Raises $1 Million
A bitcoin wallet startup based in India has raised $1m in Series A funding from a group of angel investors.
By Stan Higgins
Updated Sep 11, 2021, 12:04 p.m. Published Jan 6, 2016, 8:25 p.m.
A bitcoin wallet startup based in India has raised $1m in Series A funding from a group of angel investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
, which offers a mobile app for buying and selling bitcoin, said that it drew support from a group that includes textile industry veteran Amit Jindal; Claris Life Sciences vice chairman Arjun Handa; and engineer and developer Nagendra Chaudhary.
According to a report by the Times of India, Handa and Jindal invested roughly $450,000 and $150,000 during the round, respectively. The firm plans to use the money to fund its bitcoin wallet as well as additional blockchain-based services.
In a statement, co-founder Saurabh Agrawal pointed to growing support for the technology among governments entities as evidence there are opportunities for Zebpay to expand its offerings.
Agrawal said:
"Governments worldwide have acknowledged the fact that blockchain technology has potential to disrupt current financial systems and are exploring ways to benefit from it."
Jindal told the Times that he invested in the long-term vision of the firm – a move that he said comes during a time when knowledge of the technology is still developing in India.
"It is still an attractive investment destination because one or two years down the line, the prospect of cryptocurrency is promising," he said.
India image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Update, U.S. Jobs, Bank of Japan: Crypto Week Ahead
Your look at what's coming in the week starting Dec. 15.
What to know:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Top Stories
