About indiagold
indiagold is a company based in Gurugram (India) founded in 2020 by Nitin Misra and Deepak Abbot.. indiagold has raised $23.93 million across 3 funding rounds from investors including PayU, 3one4 Capital and Leo Capital. The company has 232 employees as of April 09, 2024. indiagold offers products and services including Gold Loans and Digital Gold.
- Headquarter Gurugram, India
- Employees 232 as on 09 Apr, 2024
- Founders Nitin Misra, Deepak Abbot
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flat White Capital Private Limited
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$1.79 M (USD)199.56as on Mar 31, 2023
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Net Profit
$-5.23 M (USD)-51.54as on Mar 31, 2023
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EBITDA
$-5.51 M (USD)-54.4as on Mar 31, 2023
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Total Equity Funding
$23.93 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Oct 07, 2022
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Investors
PayU
& 34 more
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Employee Count
232
as on Apr 09, 2024
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Products & Services of indiagold
indiagold offers a comprehensive portfolio of products and services, including Gold Loans and Digital Gold. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans are provided against gold collateral with rates set at 0.85% per month.
Digital gold is offered with rates established at 10095.85/gm plus GST.
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Funding Insights of indiagold
indiagold has successfully raised a total of $23.93M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 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 3
- Last Round Series A — $10.0M
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First Round
First Round
(07 Apr 2020)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series A - indiagold | Valuation | Alpha Wave Global , Falcon Edge Capital | |
| Aug, 2021 | Amount | Series A - indiagold | Valuation | PayU , Alpha Wave Global | |
| Apr, 2020 | Amount | Seed - indiagold | Valuation | Rohit Bansal , Leo Capital |
| 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 indiagold
indiagold has secured backing from 35 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PayU, 3one4 Capital and Leo Capital. 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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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Indian fund focused on fintech, health, and climate initiatives.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early stage, technology-centric opportunities
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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 indiagold
| 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 - indiagold
| 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 |
Indiagold Comparisons
Competitors of indiagold
| 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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Frequently Asked Questions about indiagold
When was indiagold founded?
indiagold was founded in 2020.
Where is indiagold located?
indiagold is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is indiagold a funded company?
indiagold is a funded company, having raised a total of $23.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.82M, raised on Apr 07, 2020.
How many employees does indiagold have?
As of Apr 09, 2024, the latest employee count at indiagold is 232.
What is the annual revenue of indiagold?
Annual revenue of indiagold is $1.79M as on Mar 31, 2023.
What does indiagold do?
Founded in 2020, indiagold operates in the fintech sector from Gurugram, India. Gold-secured loans are offered to customers, alongside facilitation for digital gold acquisitions. A platform is maintained for comparing loan options, and callbacks are enabled for additional support. Operations focus on asset-backed financing and digital investment services within the Indian market.
What products or services does indiagold offer?
indiagold offers Gold Loans and Digital Gold.
Who are indiagold's investors?
indiagold has 35 investors. Key investors include PayU, 3one4 Capital, Leo Capital, Arvog, and Whiteboard Capital.
What is indiagold's valuation?
The valuation of indiagold is $79.54M as of Oct 2022.
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