Indian bitcoin wallet Unocoin announced that it has raised $1.5 million in a pre-series-A round, among the highest funding rounds for leading digital currency ventures in India.

According to the official announcement, the startup received funding from prominent international investors that include Digital Currency Group, Boost VC, Bank to the Future, Bitcoin Capital and FundersClub as well as from national entities including Blume Ventures, Mumbai Angels among others.

“We’re honoured to have this type of support from top investors. India has the largest gold, inward remittance, and IT markets in the world, all of which make it a perfect home for Bitcoin and blockchain technology,” Unocoin co-founder and CEO, Sathvik Vishwanath said.

Mumbai-based Blume Ventures has played a key role in leading the Unocoin Pre-Series-A round. New-York based Digital Currency Group has been into encouraging and supporting bitcoin and blockchain firms by leveraging their insights, network, and access to capital with over 80 investments in more than 25 countries.

“Since making our first investment in Unocoin, it has been tremendous to see the company solidify its position as the leading Bitcoin company in India, as well as emerge as one of the fastest growing companies in DCG’s global portfolio of 80 Bitcoin and blockchain companies. We are thrilled to welcome this fantastic group of new investors to Unocoin and look forward to many more years of rapid growth and industry leadership by the company,” Barry Silbert, Founder and CEO of Digital Currency Group said.

The company recently collaborated with online marketplace Purse to encourage bitcoin payments in India with huge Amazon discounts between 5% and 22% using Purse’s ‘Name Your Discount Program’. Earlier this month, Unocoin announced the launch of a bitcoin-OTC platform for high volume traders.

“Over the past year, we’ve also been innovating at light-speed: we’ve recently launched a merchant point-of-sale (POS) app, a mobile trading app, an auto-selling feature for remittance users, systematic investment planning (SIP) to mitigate against volatility risk, integration with NETKI to simplify Bitcoin addresses, created an over the counter (OTC) desk for large traders, integrated with purse.io for discounts on Amazon, launched an API for developers and more. Over the coming months and years, we’ll continue to build practical, useful features and tools on top of Bitcoin,” Vishwanath added.