# Unocoin Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/unocoin-technologies-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.unocoin.com
- Total disclosed funding: $5.5M
- Latest round: Series A (May 11, 2023)
- Investors on record: 14

## About

Unocoin Technologies Private Limited is a prominent cryptocurrency exchange in India, enabling users to buy, sell, and securely store Bitcoin and other cryptocurrencies through a user-friendly platform.Founded in 2013 and headquartered in Bangalore, India, Unocoin Technologies Private Limited specializes in offering cryptocurrency transactions. The company was co-founded by Abhinand Kaseti, Harish Bv, Sathvik Vishwanath, Sunny Ray, and Vikram Nikkam. The CEO is Sathvik Vishwanath. Unocoin has successfully raised a total of USD 3.60 mn in Series A funding on May 11, 2023, led by investors including Bnk To The Future, Digital Currency Group, and Draper Associates. The firm has completed a total of 4 deals, with a current valuation of USD 19.70 mn.Unocoin stands out as a leading cryptocurrency exchange in India, allowing users to buy, sell, and store Bitcoin along with various cryptocurrencies. The platform features Instant Buy and Sell options, Systematic Buying Plans (SBP), and a Crypto Basket for diversified investments. With over 2 million users, Unocoin serves both individual and institutional clients, providing a trading API for automated trading and real-time market data access, primarily targeting the Indian market.In the most recent fiscal year 2024, Unocoin reported revenue of USD 1,229,132.90 and an EBITDA of USD -502,107.20. The company generates its revenue mainly through transaction fees on trades, with competitive pricing models benefiting high-volume traders and market makers. Their offerings such as the Systematic Buying Plan further enhance their transactional revenue streams.Unocoin Technologies Private Limited plans to leverage the recent Series A funding of USD 3.60 mn to enhance its product offerings and expand its market presence. The company is focused on developing new products aimed at improving user experience and plans to expand its services beyond India into emerging markets in Southeast Asia by the end of 2024. The recent funding will support these initiatives, enhancing Unocoin's technological capabilities and marketing reach.

## Funding rounds

- Series A, May 11, 2023, $3.6M — Digital Currency Group, Draper, Gaingels, Bnk To The Future, Knickerbocker Capital, Humla Ventures, EVAN LUTHRA
- Series A, Sep 21, 2016, $1.9M — Mumbai Angels, Blume Ventures, 2020 Ventures, FundersClub, Digital Currency Group, Boost VC, ah! Ventures, Future\Perfect Ventures, Bnk To The Future, Knickerbocker Capital

## Investors

- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Series A
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A
- 2020 Ventures (https://capitalatlas.ai/funds/2020-ventures) — Series A
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Series A
- ah! Ventures (https://capitalatlas.ai/funds/ah-ventures) — Series A
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Series A
- Bnk To The Future — Series A
- Knickerbocker Capital — Series A
- Draper (https://capitalatlas.ai/funds/draper) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Humla Ventures (https://capitalatlas.ai/funds/humla-ventures) — Series A
- EVAN LUTHRA — Series A