About Gold Setu
Gold Setu is a company based in Bengaluru (India) founded in 2021 by Rajat Gaur, Vikas Verma, and Anuj Sachdev.. Gold Setu has raised $2.22 million across 2 funding rounds from investors including Angel List, Wellfound and 2am VC. The company has 60 employees as of April 05, 2024. Gold Setu operates in a competitive market with competitors including Global-e, CommerceIQ, Cart.com, AnyMind Group and BigCommerce, among others.
- Headquarter Bengaluru, India
- Employees 60 as on 05 Apr, 2024
- Founders Rajat Gaur, Vikas Verma, Anuj Sachdev
- Stage Minicorn
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gold Setu Private Limited
- Date of Incorporation 19 Mar, 2021
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$0.45 (USD)0as on Mar 31, 2022
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Net Profit
$-259.52 K (USD)0as on Mar 31, 2022
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EBITDA
$-163.57 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$2.22 M (USD)
in 2 rounds
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Latest Funding Round
$1.02 M (USD), Seed
Oct 17, 2022
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Investors
Angel List
& 43 more
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Employee Count
60
as on Apr 05, 2024
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Funding Insights of Gold Setu
Gold Setu has successfully raised a total of $2.22M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.02 million completed in October 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 — $1.0M
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First Round
First Round
(30 Jun 2021)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Gold Setu | Valuation | 2am VC , Broom Ventures | |
| Jun, 2021 | Amount | Seed - Gold Setu | Valuation | Village Global , Wellfound |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gold Setu
Gold Setu has secured backing from 44 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and 2am VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture funding for sector-agnostic startups in India.
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Founded Year | Domain | Location | |
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Investments are directed by Broom Ventures toward early-stage tech companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gold Setu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gold Setu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gold Setu Comparisons
Competitors of Gold Setu
Gold Setu 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 Global-e, CommerceIQ, Cart.com, AnyMind Group and BigCommerce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software solutions for cross-border e-commerce industries are provided.
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| domain | founded_year | HQ Location |
AI platform for retail ecommerce management and optimization is provided.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
ShopUp is focused on empowering small businesses through technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gold Setu
Frequently Asked Questions about Gold Setu
When was Gold Setu founded?
Gold Setu was founded in 2021.
Where is Gold Setu located?
Gold Setu is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Gold Setu?
Vikas Verma is the current CEO of Gold Setu. They have also founded this company.
Is Gold Setu a funded company?
Gold Setu is a funded company, having raised a total of $2.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 30, 2021.
How many employees does Gold Setu have?
As of Apr 05, 2024, the latest employee count at Gold Setu is 60.
What is the annual revenue of Gold Setu?
Annual revenue of Gold Setu is $0.45 as on Mar 31, 2022.
What does Gold Setu do?
Gold Setu was founded in 2021 in Bengaluru, India, as a platform delivering software solutions tailored for jewelry stores. Services encompass sales management, procurement processes, and digitized workflows for store operations. Tools are included to facilitate jewelry purchasing, showcasing, marketing, and sales. A mobile application is available on the iOS platform to support these functions in the jewelry retail sector.
Who are the top competitors of Gold Setu?
Gold Setu's top competitors include CommerceIQ, ShopUp and Global-e.
Who are Gold Setu's investors?
Gold Setu has 44 investors. Key investors include Angel List, Wellfound, 2am VC, Quality Electrodynamics, and Broom Ventures.
What is Gold Setu's valuation?
The valuation of Gold Setu is $8.55M as of Oct 2022.