Bitcoin startups India

Has become the first e-commerce site in India to exclusively accept bitcoin as a payment method. Launched by Delhi Based entrepreneur Amit Kumar, it also sells Bitcoin mining equipment.

Coin Monk
Started by Sathvik Vishwanath, CoinMonk aims to bring bitcoin awareness to the common public. They hold regular meetups for the members of CoinMonk and bitcoin enthusiasts which take place once a month in Bangalore, India. They also discuss upcoming opportunities on how this can be best implemented to meet the goals.

For people who cannot make it to Bangalore, they have a booklet to introduce you to Bitcoin along with their contact details. They also provide free consultations over phone to people who may be interested in any of their services. Check for the brochure on
BuysellBitco.in
Started by entrepreneur Mahim Gupta, the is based out of Ahmedabad, Gujrat and offers Bitcoin exchange for local currency. The current buy price is around INR 32, 000 and sell price is around INR 34, 000.
Their turnover has increased exponentially over the months. The founder says that they run out of the stock 2-3 times every day. His monthly turnover is around $200, 000. Setting up Bitcoin exchange in India is the logical next step for Indian Bitcoin community. They offer Bitcoins on proper verification of Permanent Account Number as issued by the Department.
Future of Bitcoins in India
But for Bitcoin startup to attract good investments from VCs, some clarity from the regulators is needed. Lightspeed Venture Partners which has invested in some of the biggest Bitcoin exchanges globally is awry in investing in India by dubbing it as “early days”. Merchant acceptance is an important benchmark to track Bitcoin’s progress everywhere, and India lags on that front currently.