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December 17, 2013

Deal Alert: Gaurav Burman invests in Singapore-based Bitcoin exchange itBit

Dabur scion Gaurav Burman has invested in itBit, a Singapore-based Bitcoin exchange, and plans to bring the platform to India over a period of time. The exchange is building a global platform for trading in Bitcoins with US dollars, Singapore dollars and the euro with technology support from Nasdaq. The start-up has raised $3.25 million in its latest funding round, and $5.5 million in total, led by Canaan Partners and RRE Ventures with participation from Liberty City Ventures.

Source: Times of India

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