Unocoin.com, a Bangalore, India-based Bitcoin company, raised $1.5M in Pre Series A funding.
Backers included Blume Ventures, Mumbai Angels and ah! Ventures along with international investors such as Digital Currency Group, Boost VC, Bank to the Future and FundersClub.
The company intends to use the funds to expand operations.
Co-founded by Sunny Ray (President), Sathvik Vishwanath (CEO), Harish B V (COO) and Abhinand Kaseti (CMO), Unocoin operates a BTC-INR trading platform which enables Indians to buy, sell, store, use and accept bitcoin.
Every month, Unocoin processes transactions worth more than INR 200M for its 100,000 customers.
The company has over 30+ employees.