About Plusgold
Plusgold is a Retail company based in Bengaluru (India) founded in 2022 by Veer Mishra and Raj Parakh. It operates as a digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores. It operates in the Retail and Technology sectors. 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. Plusgold was last valued at $4.49 million in June 2024. Its Indian entity Finshakti Solutions Private Limited reported revenue of ₹32 Lakh. Its focus areas include FinTech, Investment Tech, Alternative Investment Platforms and Commodities Trading. Its competitors include Jar, GoldMoney, ShopBack, SafeGold and Augmont and 2 more; 4 of its 7 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 1
- Founders Veer Mishra, Raj Parakh
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website plusgold.in
- Social LinkedIn X Facebook
- Legal Name Finshakti Solutions Private Limited
- Date of Incorporation 20 May, 2022
- Jurisdiction Udaipur, Rajasthan, India
- Annual Revenue₹32 Lakh
FY 2024 · +80051025% YoY
- EBITDA-₹2.87 Cr
FY 2024 · -897% margin
- Total Equity Funding$1.7M (USD)
in 4 rounds
- Latest Funding Round$1.2M (USD), Seed
Jun 2024
- InvestorsVenture Catalysts
& 24 more
- Employee Count1
Associated legal entities of Plusgold
Plusgold operates through Finshakti Solutions 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 |
|---|---|---|---|---|---|---|---|
| Finshakti Solutions Private Limited CIN U72200RJ2022PTC081506 | Active | 20 May 2022 | Udaipur, Rajasthan | ₹0.3 Cr | 10 | 2 | View details |
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 $1.7M
- Total Rounds 4
- Last Round Seed — $1.2M
- First Round $146,200
(May 2022)
- Investors Count 25
All 4 funding rounds of Plusgold 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 |
|---|---|---|---|---|---|
| Jun 2024 | $1.2M | Seed | $4.49M | Venture Catalysts, JITO Incubation & Innovation Foundation | |
| Jul 2023 | $350,000 | Seed | $1.58M | EvolveX, Wells Fargo | |
| Jan 2023 | – | Seed | – | JITO Incubation & Innovation Foundation | – |
| May 2022 | $146,200 | Seed | $••••• | EvolveX |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $4.49M | •••••••• |
| Jul 2023 | $1.58M | •••••••• |
| May 2022 | $••••• | •••••••• |
Full valuation and stage history of Plusgold
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $4.49M (Jun 2024). 25 investors in total: 10 institutional and 15 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Multiple sectors are incubated by the foundation in Mumbai, India. | – | jitojiif.com | Mumbai, India | |
Signal Ventures is engaged in early-stage startup investments. | 2023 | signalventures.in | Mumbai, India | |
- | – | misfits.capital | - | |
Accelerator program offering mentorship, funding, and network access to early-stage startups. | 2021 | evolvexaccelerator.com | Mumbai, India | |
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Seed-stage venture capital investments are targeted by Singhvi Heritage. | – | sanghviherirtage.tcc.mode | Chennai, India | |
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States | |
A foundation focused on economic empowerment | – | jito.org | Mumbai, India | |
- | – | badamiinvestments.tcc.mode | - |
Investor details for Plusgold
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 Finshakti Solutions Private Limited (Plusgold)
Finshakti Solutions Private Limited is the primary company behind Plusgold. The board of Finshakti Solutions Private Limited currently have 2 directors; the longest-serving is Virendra Mishra, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Virendra Mishra DIN 03634060 | Director | 20 May 2022 | 4 yrs 5 mo | Finshakti Solutions Private Limited |
| Raj Parakh DIN 07497129 | Director | 22 Jul 2022 | 4 yrs 2 mo | Finshakti Solutions Private Limited |
People of Plusgold
2 people are tracked at Plusgold (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Veer Mishra | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Plusgold
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 Plusgold
Figures of Finshakti Solutions Private Limited, the primary company behind Plusgold, for FY 2024. Revenue was ₹32 Lakh (+80051025% year on year). EBITDA was -₹2.87 Cr (-897% margin).
- ₹32 LakhRevenue · FY 2024 · +80051025% YoY
- -₹2.87 CrEBITDA · -897% margin
- ₹1.7 LakhPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Finshakti Solutions Private Limited are on its company page.
Detailed financial statements for Plusgold
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 Plusgold
4 dated milestones of Plusgold across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Plusgold is founded.
- Funding First funding round of $146K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.2M.
Competitors of Plusgold
Plusgold has 7 listed competitors in our database, 4 of them funded. They include Jar, GoldMoney, ShopBack, SafeGold and Augmont, 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 | |
| shopback.com | 2014 | Singapore | $350M | – | Online platform offering rewards and cashback for multi-category products | |
| 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. | |
| talkcharge.com | 2015 | Gurugram, India | – | – | Operates a digital platform providing discounts and cashback rewards for consumers. | |
| myfave.in | 2014 | India | – | 3,305 | Online platform offering rewards and cashback on multi-category products and services |
Detailed competitors of Plusgold
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 Plusgold
The website of Plusgold (plusgold.in) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 1.7% vs previous month
Top companies in Deals, Rewards & Comparison Platforms
10 companies that operate in the same segment as Plusgold (Deals, Rewards & Comparison Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 942 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Online group-buying platform offering coupons for multi-category products and services | 2010 | Beijing, Beijing, China | USD 9.86 B | USD 47.13 B | 41,620 | |
Online platform for discovering and booking hotel accommodations at discounted prices | 2016 | San Francisco, California, United States | USD 226.3 M | – | – | |
Promotion-based circulars are digitized for retailers via an app-based solution. | 2006 | Toronto, Ontario, Canada | USD 78 M | – | 358 | |
Cashback is provided on multi-category products through an app-based platform. | 1997 | San Francisco, California, United States | – | USD 15.96 B | 29,330 | |
Cashback and coupon offers are provided for e-commerce shopping. | – | Gurugram, Haryana, India | USD 32.61 M | – | – | |
Honey is recognized for providing automatic coupons and deals online. | 2012 | Pasadena, California, United States | USD 9.8 M | – | – | |
Cashback is provided automatically through app on diverse purchases. | 2016 | Austin, Texas, United States | USD 87.36 M | – | 78 | |
Online platform offering rewards and cashback for multi-category products | 2014 | Singapore, Singapore, Singapore | USD 350 M | USD 98.96 M | 954 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Plusgold
Complete news archive for Plusgold
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Plusgold
Plusgold was founded in 2022.
Plusgold is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Plusgold is a funded company, having raised a total of $1.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $146.2K, raised on May 2022.
Plusgold has 1 employees.
The primary company behind Plusgold, Finshakti Solutions Private Limited, reported revenue of ₹32 Lakh for FY 2024, up 80051025% year on year.
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.
Plusgold has 25 investors. Key investors include Venture Catalysts, Wells Fargo, We Founder Circle, EvolveX, and Signal Ventures.
The valuation of Plusgold is $4.49M as of Jun 2024.
Plusgold operates through Finshakti Solutions Private Limited.
The legal entities of Plusgold currently have 2 directors, including Virendra Mishra, Raj Parakh.