About Dvara SmartGold
Dvara SmartGold is a Technology company based in Mumbai (India) founded in 2019 by Jaydeep Banerjee and Clemenston Varghese. Alternative investment platform focused on gold investments. 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. Dvara SmartGold was last valued at $4.14 million in June 2021. Its Indian entity Dvara Smartgold Private Limited reported revenue of ₹1.51 Cr. Dvara SmartGold offers products and services including Gold Savings Plan and Gold Loan. Its focus areas include FinTech, Investment Tech, Alternative Investment Platforms and Commodities Trading. Its competitors include MMTC-PAMP India, OroPocket and Sln Bullion; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 32
- Founders Jaydeep Banerjee, Clemenston Varghese
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website dvarasmartgold.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Dvara Smartgold Private Limited
- Date of Incorporation 01 Oct, 2019
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.51 Cr
FY 2025 · -85% YoY
- Net Loss-₹2.16 Cr
FY 2025 · -143% margin
- EBITDA-₹1.57 Cr
FY 2025 · -104% margin
- Total Equity Funding$2.03M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Feb 2022
- InvestorsDvara
& 2 more
- Employee Count32
Associated legal entities of Dvara SmartGold
Dvara SmartGold operates through Dvara Smartgold Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dvara Smartgold Private Limited CIN U27300TN2019PTC131876 | Active | 01 Oct 2019 | Chennai, Tamil Nadu | ₹1.5 Cr | 32 | 2 | View details |
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.
Apps and channels of Dvara SmartGold
its YouTube channel Dvara SmartGold has 26 subscribers and 30 videos.
Videos from Dvara SmartGold
The most watched videos on Dvara SmartGold's YouTube channel, Dvara SmartGold (26 subscribers). Click a video to play it here.
More on Dvara SmartGold.
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 $2.03M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $34,247
(Jun 2021)
- Investors Count 3
All 2 funding rounds of Dvara SmartGold with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $2M | Seed | – | Axilor Ventures, Dvara | – |
| Jun 2021 | $34,247 | Angel Round | $4.14M | Anisha Motwani | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $4.14M | •••••••• |
Last known valuation $4.14M (Jun 2021). 3 investors in total: 2 institutional and 1 angel.
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 |
|---|---|---|---|---|
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Provider of financial advisory services | 2008 | dvara.com | Chennai, India | |
AM Anisha Motwani | unknown_a4d24d24176d49359 |
Investor details for Dvara SmartGold
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Board of directors of Dvara Smartgold Private Limited (Dvara SmartGold)
Dvara Smartgold Private Limited is the primary company behind Dvara SmartGold. The board of Dvara Smartgold Private Limited currently have 2 directors; the longest-serving is Samir Amrit Shah, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Samir Amrit Shah DIN 00912693 | Nominee Director | 01 Oct 2019 | 7 yrs 1 mo | Dvara Smartgold Private Limited |
| Pavethra Ponniah DIN 11106807 | Director | 10 Jun 2025 | 1 yr 4 mo | Dvara Smartgold Private Limited |
People of Dvara SmartGold
7 people are tracked at Dvara SmartGold (3 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
Jaydeep Banerjee | Co-Founder | Leadership |
Clemenston Varghese | Co-Founder | Leadership |
Smita Dam | Head of Operations | Leadership |
| Director | Board & advisors | |
sanafatima Mulla | Operations Administrator | Team |
Rajesh Kondvilkar | Area Manager | Team |
Bhavisha Nair | Customer Service Manager | Team |
Complete people profiles for Dvara SmartGold
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Financials of Dvara SmartGold
Figures of Dvara Smartgold Private Limited, the primary company behind Dvara SmartGold, for FY 2025. Revenue was ₹1.51 Cr (-85% year on year). Net loss was -₹2.16 Cr (-143% margin). EBITDA was -₹1.57 Cr (-104% margin). Revenue has grown at a compounded annual rate of -52% over three years and +35% over five years.
- ₹1.51 CrRevenue · FY 2025 · -85% YoY
- -₹2.16 CrNet loss · -143% margin
- -₹1.57 CrEBITDA · -104% margin
- ₹2.1 LakhPaid-up capital
- 32Employees (provident fund records)
- -52%Revenue CAGR, 3 years
- +35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dvara Smartgold Private Limited are on its company page.
Detailed financial statements for Dvara SmartGold
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Dvara SmartGold
4 dated milestones of Dvara SmartGold across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Dvara SmartGold is founded.
- Funding First funding round of $34K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.0M.
Competitors of Dvara SmartGold
Dvara SmartGold has 3 listed competitors in our database, 1 of them funded. They include MMTC-PAMP India, OroPocket and Sln Bullion.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mmtcpamp.com | 2008 | Gurugram, India | 397 | Trading in precious metals is facilitated through an online platform. | ||
| oropocket.com | 2011 | Delhi, India | $23,223 | 23 | Investments in precious metals are enabled via blockchain platform. | |
| slnbullion.com | 2010 | Chennai, India | Precious metals are traded via an online platform for individuals. |
Detailed competitors of Dvara SmartGold
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Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Dvara SmartGold (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Dvara Smartgold
Complete news archive for Dvara SmartGold
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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 2021.
Dvara SmartGold has 32 employees.
The primary company behind Dvara SmartGold, Dvara Smartgold Private Limited, reported revenue of ₹1.51 Cr for FY 2025, down 85% year on year.
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.
Dvara SmartGold operates through Dvara Smartgold Private Limited.
The legal entities of Dvara SmartGold currently have 2 directors, including Samir Amrit Shah, Pavethra Ponniah.