About milliGOLD
milliGOLD is a company based in Chennai (India) founded in 2019 by Rahul Ramkumar. milliGOLD has raised $27.82 thousand across 1 funding round from investors including Kickstartup Advisory Services. milliGOLD offers products and services including Monthly Subscription Plan and UPI Payment Option. milliGOLD operates in a competitive market with competitors including Jar, GoldMoney, SafeGold, Augmont and Plusgold, among others.
- Headquarter Chennai, India
- Founders Rahul Ramkumar
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website milligold.in
- Social Facebook
- Legal Name Milli Gold India Private Limited
- Date of Incorporation 10 Nov, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹23.9 Lakh
FY 2024 · +80% YoY
- Net Loss-₹1.3 Lakh
FY 2024 · -5% margin
- EBITDA-₹1.1 Lakh
FY 2024 · -4% margin
- Total Equity Funding$27.82K (USD)
in 1 rounds
- Latest Funding Round$27.82K (USD), Seed
Nov 2019
Associated legal entities of milliGOLD
milliGOLD operates through Milli Gold India 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 |
|---|---|---|---|---|---|---|---|
| Milli Gold India Private Limited CIN U52100TN2016PTC113274 | Active | 10 Nov 2016 | Chennai, Tamil Nadu | ₹0.2 Cr | – | 2 | View details |
Products & Services of milliGOLD
milliGOLD offers a comprehensive portfolio of products and services, including Monthly Subscription Plan and UPI Payment Option.
Allows regular gold purchases and storage via monthly payments.
Enables flexible one-time gold savings through digital transactions.
Funding Insights of milliGOLD
milliGOLD has successfully raised a total of $27.82K through 1 strategic funding round. The most recent funding activity was a Seed round of $27.82 thousand completed in November 2019. 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 $27,823
- Total Rounds 1
- Last Round Seed — $27,823
- First Round $27,823
(Nov 2019)
- Investors Count 1
All 1 funding rounds of milliGOLD 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 |
|---|---|---|---|---|---|
| Nov 2019 | $27,823 | Seed | – | Kickstartup Advisory Services | – |
1 investors in total: 1 institutional.
Investors in milliGOLD
milliGOLD has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Kickstartup Advisory Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | kickstartupadvisory.tcc.mode | - |
Investor details for milliGOLD
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Milli Gold India Private Limited (milliGOLD)
Milli Gold India Private Limited is the primary company behind milliGOLD. The board of Milli Gold India Private Limited currently have 2 directors; the longest-serving is Ramaswamy Shanmugham Ramkumar, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramaswamy Shanmugham Ramkumar DIN 01646964 | Director | 10 Nov 2016 | 9 yrs 11 mo | Milli Gold India Private Limited |
| Rahul Ramkumar DIN 08306766 | Director | 02 Jan 2019 | 7 yrs 9 mo | Milli Gold India Private Limited |
People of milliGOLD
1 people are tracked at milliGOLD (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for milliGOLD
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of milliGOLD
Figures of Milli Gold India Private Limited, the primary company behind milliGOLD, for FY 2024. Revenue was ₹23.9 Lakh (+80% year on year). Net loss was -₹1.3 Lakh (-5% margin). EBITDA was -₹1.1 Lakh (-4% margin). Revenue has grown at a compounded annual rate of +1719% over three years.
- ₹23.9 LakhRevenue · FY 2024 · +80% YoY
- -₹1.3 LakhNet loss · -5% margin
- -₹1.1 LakhEBITDA · -4% margin
- ₹1 LakhPaid-up capital
- +1719%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Milli Gold India Private Limited are on its company page.
Detailed financial statements for milliGOLD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of milliGOLD
2 dated milestones of milliGOLD, from founding to its latest funding, stage changes and deals.
- Founded milliGOLD is founded.
- Funding First funding round of $28K.
Competitors of milliGOLD
milliGOLD 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 Jar, GoldMoney, SafeGold, Augmont and Plusgold, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myjar.app | 2021 | Bengaluru, India | $63.3M | 251 | Jar is recognized as a leading digital gold savings app in India. | |
| goldmoney.com | 2001 | Saint Helier, Jersey | $10.56M | – | Bullion trading and vaulting company | |
| safegold.com | 2017 | Mumbai, India | $2.38M | 61 | Provider of a digital platform for buying, selling, and storing 24K gold | |
| augmont.com | 1994 | Mumbai, India | – | 230 | Alternative investments in digital gold and silver are facilitated. | |
| plusgold.in | 2022 | Bengaluru, India | $1.7M | 10 | Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores | |
| acresoftware.com | 2018 | London, United Kingdom | $14.54M | 27 | Blockchain is applied to mortgage and insurance application processes. | |
| eswarna.com | 2015 | Ernakulam, India | – | 230 | Online alternative investment platform for gold |
Detailed competitors of milliGOLD
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of milliGOLD
The website of milliGOLD (milligold.in) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 13.8% vs previous month
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Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
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Frequently Asked Questions about milliGOLD
milliGOLD was founded in 2019.
milliGOLD is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Rahul Ramkumar is the current CEO of milliGOLD. They have also founded this company.
milliGOLD is a funded company, having raised a total of $27.82K across 1 funding round to date. The company's 1st funding round was a Seed of $27.82K, raised on Nov 2019.
The primary company behind milliGOLD, Milli Gold India Private Limited, reported revenue of ₹23.9 Lakh for FY 2024, up 80% year on year.
milliGOLD was established in 2019 in Chennai, India, as an online platform focused on gold investments within the fintech sector. Users are permitted to buy, sell, and trade gold-based government bonds and assets through mobile applications. Investment tracking tools are offered, along with access to articles, blogs, and detailed transaction histories for user reference. Operations are centered in India, serving individual investors.
milliGOLD offers Monthly Subscription Plan and UPI Payment Option.
milliGOLD has 1 investor. Key investors include Kickstartup Advisory Services.
milliGOLD operates through Milli Gold India Private Limited.
The legal entities of milliGOLD currently have 2 directors, including Ramaswamy Shanmugham Ramkumar, Rahul Ramkumar.