About Plusgold
Plusgold is a company based in Bengaluru (India) founded in 2022 by Veer Mishra and Raj Parakh.. Plusgold has raised $1.7 million across 4 funding rounds from investors including Venture Catalysts, Wells Fargo and We Founder Circle. The company has 1 employees as of March 31, 2024. Plusgold operates in a competitive market with competitors including Jar, GoldMoney, ShopBack, SafeGold and Augmont, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 31 Mar, 2024
- Founders Veer Mishra, Raj Parakh
- 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
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- Legal Name Finshakti Solutions Private Limited
- Date of Incorporation 20 May, 2022
- Jurisdiction Udaipur, Rajasthan, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-86.55 K (USD)0as on Mar 31, 2023
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EBITDA
$-75.05 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.7 M (USD)
in 4 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Jun 25, 2024
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Investors
Venture Catalysts
& 24 more
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Employee Count
1
as on Mar 31, 2024
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Funding Insights of Plusgold
Plusgold has successfully raised a total of $1.7M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.2 million completed in June 2024. 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 4
- Last Round Seed — $1.2M
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First Round
First Round
(01 May 2022)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Plusgold | Valuation | Venture Catalysts , JITO Incubation & Innovation Foundation | |
| Jul, 2023 | Amount | Seed - Plusgold | Valuation | EvolveX , Wells Fargo | |
| Jan, 2023 | Amount | Seed - Plusgold | Valuation | JITO Incubation & Innovation Foundation |
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| 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 Plusgold
Plusgold has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, Wells Fargo and We Founder Circle. 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 startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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Signal Ventures is engaged in early-stage startup investments.
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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 Plusgold
| 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 - Plusgold
| 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 |
Plusgold Comparisons
Competitors of Plusgold
Plusgold 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, ShopBack, SafeGold and Augmont, 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 |
Jar is recognized as a leading digital gold savings app in India.
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| domain | founded_year | HQ Location |
Bullion trading and vaulting company
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| domain | founded_year | HQ Location |
Online platform offering rewards and cashback for multi-category products
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| domain | founded_year | HQ Location |
Provider of a digital platform for buying, selling, and storing 24K gold
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| domain | founded_year | HQ Location |
Alternative investments in digital gold and silver are facilitated.
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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 Plusgold
Frequently Asked Questions about Plusgold
When was Plusgold founded?
Plusgold was founded in 2022.
Where is Plusgold located?
Plusgold is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Plusgold a funded company?
Plusgold is a funded company, having raised a total of $1.7M across 4 funding rounds to date.
How many employees does Plusgold have?
As of Mar 31, 2024, the latest employee count at Plusgold is 1.
What does Plusgold do?
Plusgold was founded in 2022 in Bengaluru, India, within the fintech sector focused on digital gold investments. An app is provided on Android and iOS platforms, where gold is purchased through one-time payments or systematic investment plans. Redemptions are enabled as jewelry at partner stores, with discounts and coupons offered for savings conversion. Users select jewelers based on their preferences and requirements.
Who are the top competitors of Plusgold?
Who are Plusgold's investors?
Plusgold has 25 investors. Key investors include Venture Catalysts, Wells Fargo, We Founder Circle, EvolveX, and Signal Ventures.
What is Plusgold's valuation?
The valuation of Plusgold is $4.49M as of Jun 2024.