Zebpay

cryptocurrency

FOUNDING YEAR: 2014
LOCATION: India
Last Update: 01/05/2020

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About

Zebpay is India's biggest bitcoin exchange (previously BuySellBitco.in). Users can buy / sell bitcoins using our App available on Android and iPhone. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses. We are a strong team with vision to spread bitcoin concept in India, believing it has potential to bring technological disruption in financial infrastructure. Zebpay has the technical expertise to work on blockchain which is the main technological innovation of bitcoin and a rare commodity in this young industry. We have also been voted as the best new bitcoin company globally at CoinAgenda 2014, Las Vegas.

MEDICI Analysis

Zebpay is a Bitcoin mobile wallet. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses.

Focus

PRODUCTS & SERVICES

Bitcoin wallet

REVENUE MODEL

1-2% service fee of trading volume

MAIN CLIENTS

Retail bitcoin consumers

PRIMARY PROBLEM SOLVED

More and more Indians are interested to enter the bitcoin world. To do that, they are first looking for a safe and simple way to buy and store bitcoins. With existing solutions, besides wrapping their head around bitcoin, they also have to understand complex ideas like bitcoin addresses, network confirmations, network fee and wallet backups. Besides, most Indians access the Internet via their smartphone. Zebpay removes all this friction for a first time bitcoiner. Zebpay is a mobile app which is similar to chat apps. You can buy and sell bitcoins from the app itself. Also your bitcoins are linked with your mobile number so you don’t have to worry about bitcoin addresses and wallet backups. Our belief is validated by our user reviews. Zebpay app is rated 4.4 stars on the Android store. Our users keep thanking us to make bitcoins simple and not scary.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

VALUATION / MARKET CAP:

$830 K in 2015

REVENUE

$10M+

REVENUE COMMENT:

100% growth on monthly basis

NUMBER OF TRANSACTIONS:

251.92 K

TRANSACTIONS VALUE:

5.8 M

ACTIVE USERS:

27,128

People

FOUNDERS

Saurabh Agrawal

Mahin Gupta

Sandeep Goenka

BOARD MEMBERS AND ADVISORS

Arjun Handa

Nishith Desai

Amit Jindal

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Amit Jindal

Arjun Handa

Nagendra Chaudhary

Momentum

FUNDED

YES

TOTAL FUNDING

$1.13 M

DATE OF LAST FUNDING

Jan 2016

SEED & PRIOR FUNDING

$130 K

SEED CLOSED ON

Sep 2014

FUNDING SERIES

SERIES A  · $1 M  · Jan 2016

LISTED

YES

For Investors

FUNDING NEEDED:

$7 M

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 10 Jun, 2016

BASICS

FOUNDING YEAR:

2014

LOCATION:

India

Views:

146 VISITORS | 287 VIEWS
LATEST FUNDING ROUND

$1.13 M

TOTAL EMPLOYEES
1-10

About

Zebpay is India's biggest bitcoin exchange (previously BuySellBitco.in). Users can buy / sell bitcoins using our App available on Android and iPhone. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses. We are a strong team with vision to spread bitcoin concept in India, believing it has potential to bring technological disruption in financial infrastructure. Zebpay has the technical expertise to work on blockchain which is the main technological innovation of bitcoin and a rare commodity in this young industry. We have also been voted as the best new bitcoin company globally at CoinAgenda 2014, Las Vegas.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Zebpay is a Bitcoin mobile wallet. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Zebpay

About

Zebpay is India's biggest bitcoin exchange (previously BuySellBitco.in). Users can buy / sell bitcoins using our App available on Android and iPhone. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses. We are a strong team with vision to spread bitcoin concept in India, believing it has potential to bring technological disruption in financial infrastructure. Zebpay has the technical expertise to work on blockchain which is the main technological innovation of bitcoin and a rare commodity in this young industry. We have also been voted as the best new bitcoin company globally at CoinAgenda 2014, Las Vegas.

Focus

PRODUCTS & SERVICES

Bitcoin wallet app available on Android and iPhone

REVENUE MODEL

1-2% service fee of trading volume

TOP PROBLEM SOLVED

More and more Indians are interested to enter the bitcoin world. To do that, they are first looking for a safe and simple way to buy and store bitcoins. With existing solutions, besides wrapping their head around bitcoin, they also have to understand complex ideas like bitcoin addresses, network confirmations, network fee and wallet backups. Besides, most Indians access the Internet via their smartphone. Zebpay removes all this friction for a first time bitcoiner. Zebpay is a mobile app which is similar to chat apps. You can buy and sell bitcoins from the app itself. Also your bitcoins are linked with your mobile number so you don’t have to worry about bitcoin addresses and wallet backups. Our belief is validated by our user reviews. Zebpay app is rated 4.4 stars on the Android store. Our users keep thanking us to make bitcoins simple and not scary.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Android: https://play.google.com/store/apps/details?id=zebpay.Application&hl=en iOS: https://itunes.apple.com/us/app/zebpay-bitcoin-wallet/id944854686

KEY DIFFERENTIATORS

- Simplest bitcoin wallet app - no need to remember complex bitcoin addresses and works just like instant messaging app - apart from buying / selling bitcoins, users can also top up airtime, by vouchers of flipkart, amazon etc.

PRIMARY CUSTOMER TYPE

Consumer

People

FOUNDERS

Saurabh Agrawal

Mahin Gupta

Sandeep Goenka

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Saurabh Agrawal

CTO, FOUNDER: Mahin Gupta

COO, FOUNDER: Sandeep Goenka

BOARD MEMBERS AND ADVISORS:

Arjun Handa, Nishith Desai, Amit Jindal

INVESTORS:

Amit Jindal

Arjun Handa

Nagendra Chaudhary

Momentum

FUNDED

YES

TOTAL FUNDING:

$1 M

LISTED

YES

FUNDING SERIES
Series A Jan 2016 --- USD1 M Comment on Series A Zebpay, India’s first mobile bitcoin company announces the closure of around $1Million in series ‘A Funding’, led by growth equity investor Arjun Handa, CMD & VP of $800 million Claris Life sciences, along with other investors including Amit Jindal, MD of Jindal worldwide, a 1000 cr. conglomerate. The funding is aimed at further escalating the company’s already impressive growth and customer service success. http://articles.economictimes.indiatimes.com/2016-01-06/news/69564289_1_bitcoin-transactions-virtual-currency-blockchain