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indiagold is a Gurugram, India-based fintech platform that enables consumers to monetize household gold assets through instant gold-backed loans, secure gold locker services with insurance, and digital gold savings. The company facilitates credit access by connecting customers with lenders via APIs, leveraging gold collateral, income, and credit checks, with repayments processed through UPI. Targeting India's $650 billion informal gold loan market and 250 million underbanked individuals, indiagold raised $12 million in August 2021 in a Series A round led by PayU and Alpha Wave Incubation. This followed an initial seed round of Rs 14 crore in 2020, with participation from investors such as 3one4 Capital, Rainmatter Capital, Leo Capital, and Ashneer Grover. The platform is currently operational in Delhi-NCR and Indore, with strategic plans for national expansion. indiagold was founded in 2020 by ex-Paytm executives Deepak Abbot and Nitin Misra.
indiagold has raised $14.0M across 2 funding rounds.
indiagold has raised $14.0M in total across 2 funding rounds.
indiagold has raised $14.0M in total across 2 funding rounds.
indiagold's investors include Navroz D. Udwadia, PayU, 3one4 Capital, Better Tomorrow Ventures, Leo Capital, Amrish Rau, Ankit Agarwal, Ashish Sharma, Ashneer seth Grover, Kunal Bahl, Kunal Shah, Miten Sampat.
indiagold has raised $14.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 26, 2021 | $12M Series A | Navroz D. Udwadia, Payu | 3one4 Capital, Better Tomorrow Ventures, LEO Capital | Announced |
| Feb 4, 2021 | $2M Venture Round | LEO Capital | Amrish RAU, Ankit Agarwal, Ashish Sharma, Ashneer Seth Grover, Kunal Bahl, Kunal Shah, Miten Sampat, Rahul Soota, Ramakant Sharma, Rohit Bansal, Sameer Mehta | Announced |
