What is Unocoin and why is it raising money in the market?
Answer
Answer
Unicoin is a Bengaluru-based Crypto-currency exchange which has recently raised $5 million in Series-A round of funding. Draper is a major investor in Unocoin. This deal values the company at $20 million.
Unocoil will use the funds to strengthen its technology team, enhance product infrastructure and expand its offerings. It will also an AI based chatbot to help customers. Unocoin has benefited after the Supreme Court lifted the ban on crypto trading.