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Indiagold provides instant doorstep gold loans and secure gold locker services.
Indiagold is a gold-based lending startup. Indiagold essentially gives the option to store gold in lockers at a much cheaper rate than banks. They offer a credit line based on the gold a customer is storing with them. This is an instant credit line that gets credited to the customer, in times of emergency or need. Indiagold also sells digital gold on its platform. Currently, Indiagold sells digital gold worth Rs 1 crore a month while it is disbursing gold loans worth Rs 4 crore a month. It partners with banking and financial services to enable credit to users based on the gold survey that they store. So far, the startup has raised $2 million from Leo Capital along with participation from prominent angel investors.
Headquarters
:
Gurgaon, Haryana, India
Founding Date
:
2020
No. of Employees
:
21 to 40
Core Team
:
1.
Nitin Misra
Co-Founder
2.
Deepak Abbot
Co-Founder
Total Funding
$1.9M
Investors
:
1.
Ramakant sharma
2.
Shwetank Verma
3.
Amrish Rau
4.
Kunal shah
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$12M
Series Name
:
SERIES-A
Date
:
27th Aug 2021
Investors
:
1.
Rainmatter Capital
2.
Better Tomorrow Ventures
3.
Alpha Wave Incubation
4.
PayU
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