India: Bitcoin wallet startup Zebpay raises $1m Series A funding

Visual from Zebpay website

Zebpay, a mobile bitcoin company run by Zeb IT Service Pvt. Ltd, said it has raised about $1 million in series-A funding led by growth equity investor Arjun Handa, vice president of Claris Life Sciences. The other investors include Amit Jindal, managing director of Jindal Worldwide.

Zebpay is a mobile bitcoin wallet that allows its users to buy and sell bitcoins, store bitcoins and use them to buy vouchers and recharge phones.

“Governments worldwide have acknowledged the fact that blockchain technology has the potential to disrupt current financial systems and are exploring ways to benefit from it. Even Reserve Bank of India, in its recent report on financial stability, has appreciated the strengths of the underlying blockchain technology. Contrary to its previous note of caution, it has praised the intrinsic potential of the technology to help check counterfeiting and bring a major transformation in financial infrastructure, collateral identification and the payments system,” said Saurabh Agrawal, co-founder of Zebpay in a statement.

Also Read: Samsung plans to expand mobile wallet services to US online shoppers in 2016

India: Tech Mahindra launches its mobile wallet MoboMoney

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.