ZebPay Raises $57M in Series B

ZebPay has successfully raised $57M in a Series B at a $500M valuation led by Dragonfly Capital.

Company Overview

ZebPay is a Crypto company headquartered in Singapore, founded in 2014 with 200+ employees.

Cryptocurrency exchange for India

Fundraising Details

• Amount Raised: $57M
• Round Type: Series B
• Valuation: $500M
• Date: 2024-05-23
• Investors: Dragonfly Capital

About ZebPay

Cryptocurrency exchange for India The company is positioned in the Crypto sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Singapore
• Founded: 2014
• Team Size: 200+
• Industry: Crypto

What This Means

This funding round demonstrates strong investor confidence in ZebPay's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Crypto sector continues to attract significant investment as companies innovate to meet evolving market demands. ZebPay's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for ZebPay, positioning the company among notable players in the Crypto industry.

Looking Ahead

With this new capital, ZebPay is well-positioned to execute on its growth strategy and continue building innovative solutions in the Crypto space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-23. For more information about ZebPay, visit their headquarters at Singapore.