About Gold Setu
Gold Setu is a Retail company based in Bengaluru (India) founded in 2021 by Rajat Gaur, Vikas Verma, and Anuj Sachdev. Software suite solutions for jewelry store management are provided. It operates in the Retail and Technology sectors. 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. Gold Setu was last valued at $8.55 million in October 2022. Its chief executive, as recorded, is Vikas Verma. Its Indian entity Gold Setu Private Limited reported revenue of ₹48.40 Cr. Its focus areas include In Store Retail Tech, Category specific IT suite, Jewellery Stores and E-Commerce Enablers.
Company details
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.
- Headquarters Bengaluru, India
- Employees 60
- Founders Rajat Gaur, Vikas Verma, Anuj Sachdev
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Website goldsetu.co
- Social LinkedIn X Facebook
- Legal Name Gold Setu Private Limited
- Date of Incorporation 19 Mar, 2021
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹48.40 Cr
FY 2024 · +70% YoY
- Net Loss-₹6.77 Cr
FY 2024 · -14% margin
- EBITDA-₹6.03 Cr
FY 2024 · -12% margin
- Total Equity Funding$2.22M (USD)
in 2 rounds
- Latest Funding Round$1.02M (USD), Seed
Oct 2022
- InvestorsAngel List
& 43 more
- Employee Count60
Associated legal entities of Gold Setu
Gold Setu operates through Gold Setu Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gold Setu Private Limited CIN U72900UP2021PTC190320 | Active | 19 Mar 2021 | Noida, Uttar Pradesh | ₹48.4 Cr | 60 | 2 | View details |
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 $2.22M
- Total Rounds 2
- Last Round Seed — $1.02M
- First Round $1.2M
(Jun 2021)
- Investors Count 44
All 2 funding rounds of Gold Setu 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 |
|---|---|---|---|---|---|
| Oct 2022 | $1.02M | Seed | $8.55M | 2am VC, Broom Ventures | |
| Jun 2021 | $1.2M | Seed | $5.11M | Village Global, Wellfound |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $8.55M | •••••••• |
| Jun 2021 | $5.11M | •••••••• |
Last known valuation $8.55M (Oct 2022). 44 investors in total: 17 institutional and 27 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Investments are directed by Broom Ventures toward early-stage tech companies. | broom.ventures | Palo Alto, United States | ||
Venture capital firm focused on multiple sectors | magic.fund | San Francisco, United States | ||
Investments in technology startups are managed by Amplify. | Ebene City, Mauritius | |||
Micro venture capital firm investing in cloud startups | cloudcap.in | Delhi, India | ||
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Micro venture capital fund focused on multiple sectors | iseed.vc | |||
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
Private equity fund, investment holding & business conglomerate company | sab-holding.com | Jeddah, Saudi Arabia | ||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc |
Investor details for Gold Setu
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Gold Setu Private Limited (Gold Setu)
Gold Setu Private Limited is the primary company behind Gold Setu. The board of Gold Setu Private Limited currently have 2 directors; the longest-serving is Vikas Verma, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikas Verma DIN 05019217 | Director | 19 Mar 2021 | 5 yrs 7 mo | Gold Setu Private Limited |
| Anuj Sachdev DIN 06996625 | Director | 19 Mar 2021 | 5 yrs 7 mo | Gold Setu Private Limited |
People of Gold Setu
7 people are tracked at Gold Setu (3 in leadership, 4 in team); the tracked headcount is 60.
| Name | Role | Group |
|---|---|---|
Rajat Gaur | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Rakesh Yadav | Business Development Manager | Team |
Manish Mittal | Digital Marketing Manager | Team |
Chris Aggrwal | Graphic Designer | Team |
Aditya V. | Lead Product Engineer | Team |
Complete people profiles for Gold Setu
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Gold Setu
Figures of Gold Setu Private Limited, the primary company behind Gold Setu, for FY 2024. Revenue was ₹48.40 Cr (+70% year on year). Net loss was -₹6.77 Cr (-14% margin). EBITDA was -₹6.03 Cr (-12% margin).
- ₹48.40 CrRevenue · FY 2024 · +70% YoY
- -₹6.77 CrNet loss · -14% margin
- -₹6.03 CrEBITDA · -12% margin
- ₹1.5 LakhPaid-up capital
- 60Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Gold Setu Private Limited are on its company page.
Detailed financial statements for Gold Setu
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Gold Setu
4 dated milestones of Gold Setu across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Gold Setu is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.0M.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Gold Setu (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Frequently Asked Questions about Gold Setu
Gold Setu was founded in 2021.
Gold Setu is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vikas Verma is the CEO of Gold Setu, as recorded in our data. They have also founded this 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 2021.
Gold Setu has 60 employees.
The primary company behind Gold Setu, Gold Setu Private Limited, reported revenue of ₹48.40 Cr for FY 2024, up 70% year on year.
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.
Gold Setu has 44 investors. Key investors include Angel List, Wellfound, 2am VC, Quality Electrodynamics, and Broom Ventures.
The valuation of Gold Setu is $8.55M as of Oct 2022.
Gold Setu operates through Gold Setu Private Limited.
The legal entities of Gold Setu currently have 2 directors, including Vikas Verma, Anuj Sachdev.