About Dvara SmartGold
Dvara SmartGold is a company based in Mumbai (India) founded in 2019 by Jaydeep Banerjee and Clemenston Varghese. Dvara SmartGold has raised $2.03 million across 2 funding rounds from investors including Dvara, Axilor Ventures and Anisha Motwani. The company has 32 employees as of April 04, 2024. Dvara SmartGold offers products and services including Gold Savings Plan and Gold Loan. Dvara SmartGold operates in a competitive market with competitors including MMTC-PAMP India, OroPocket, Sln Bullion, Shree Trilochan Jewellers and Bullion India, among others.
- Headquarter Mumbai, India
- Employees 32 as on 04 Apr, 2024
- Founders Jaydeep Banerjee, Clemenston Varghese
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Dvara Smartgold Private Limited
- Date of Incorporation 01 Oct, 2019
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.17 M (USD)5328.85as on Mar 31, 2023
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Net Profit
-$956.67 K (USD)-7702.92as on Mar 31, 2023
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EBITDA
-$847.26 K (USD)-7427.42as on Mar 31, 2023
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Total Equity Funding
$2.03 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 03, 2022
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Investors
Dvara
& 2 more
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Employee Count
32
as on Apr 04, 2024
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Products & Services of Dvara SmartGold
Dvara SmartGold offers a comprehensive portfolio of products and services, including Gold Savings Plan and Gold Loan.
Enables micro-savings in gold through flexible SIPs.
Allows borrowing against gold savings for financial needs.
People of Dvara SmartGold
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Operations Team
2 people
Leadership Team
1 people
Co Team
1 people
Area Team
1 people
Customer Team
1 people
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Funding Insights of Dvara SmartGold
Dvara SmartGold has successfully raised a total of $2.03M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(10 Jun 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Dvara SmartGold | Valuation | Axilor Ventures , Dvara |
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| Jun, 2021 | Amount | Angel Round - Dvara SmartGold | Valuation | Anisha Motwani |
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Investors in Dvara SmartGold
Dvara SmartGold has secured backing from 3 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dvara, Axilor Ventures and Anisha Motwani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Provider of financial advisory services
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Founded Year | Domain | Location | |
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AM
Anisha Motwani |
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Founded Year | Domain | Location |
Investments & Acquisitions by Dvara SmartGold
Financial Statements - Dvara SmartGold
Dvara Smartgold Comparisons
Competitors of Dvara SmartGold
Dvara SmartGold operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MMTC-PAMP India, OroPocket, Sln Bullion, Shree Trilochan Jewellers and Bullion India, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Trading in precious metals is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Investments in precious metals are enabled via blockchain platform.
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| domain | founded_year | HQ Location |
Precious metals are traded via an online platform for individuals.
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| domain | founded_year | HQ Location |
Gold wholesale and jewellery services based in Varanasi, India.
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| domain | founded_year | HQ Location |
Alternative investment platform for silver & gold
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Latest news on Dvara Smartgold
Frequently Asked Questions about Dvara SmartGold
Dvara SmartGold was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Dvara SmartGold is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dvara SmartGold is a funded company, having raised a total of $2.03M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $34.25K, raised on Jun 10, 2021.
As of Apr 04, 2024, the latest employee count at Dvara SmartGold is 32.
Annual revenue of Dvara SmartGold is $2.17M as on Mar 31, 2023.
Dvara SmartGold was established in 2019 in Mumbai, India, as an alternative investment platform centered on gold assets. Systematic investment plans (SIPs) are offered for gold purchases, alongside financial wealth management for individuals. Access to pricing lists, market trends, and physical gold storage is provided via an iOS app. Flexible instalments enable savings in small amounts, supporting household financial integration for unplanned needs.
Dvara SmartGold's top competitors include MMTC-PAMP India, Sln Bullion and OroPocket.
Dvara SmartGold offers Gold Savings Plan and Gold Loan.
Dvara SmartGold has 3 investors. Key investors include Dvara, Axilor Ventures, and Anisha Motwani.
The valuation of Dvara SmartGold is $4.14M as of Jun 2021.