Indiagold provides instant doorstep gold loans and secure gold locker services.

Basic Information

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. See more

Headquarters

:

Gurgaon, Haryana, India

Founding Date

:

2020

No. of Employees

:

41 to 60

Core Team

:
1.

Nitin Misra

Co-Founder

2.

Deepak Abbot

Co-Founder

Funding

Total Funding

$2.0M

Investors

:

1.

Shwetank Verma

2.

Sequoia Capital

3.

Leo Capital India

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