About SafeGold
SafeGold is a company based in Mumbai (India) founded in 2017 by Gaurav Mathur. SafeGold has raised $2.38 million across 4 funding rounds from investors including Pravega Ventures, Beenext and Prashant Malik. SafeGold operates in a competitive market with competitors including Jar, GoldMoney, Augmont, Plusgold and Acre, among others.
- Headquarter Mumbai, India
- Founders Gaurav Mathur
- Stage Minicorn
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Sectors
Technology
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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 Digital Gold India Private Limited
- Date of Incorporation 30 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$542.37 M (USD)82.29as on Mar 31, 2023
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Net Profit
$1.33 M (USD)1497.29as on Mar 31, 2023
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EBITDA
-$165.85 K (USD)-15.91as on Mar 31, 2023
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Total Equity Funding
$2.38 M (USD)
in 4 rounds
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Latest Funding Round
$493.3 K (USD), Seed
Feb 06, 2021
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Investors
Pravega Ventures
& 8 more
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Employee Count
Not available
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Funding Insights of SafeGold
SafeGold has successfully raised a total of $2.38M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $493.3 thousand completed in February 2021. 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.
Investors in SafeGold
SafeGold has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Pravega Ventures, Beenext and Prashant Malik.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund
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Financial services, strategic advisory, and partnerships in investments.
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Angel network focused on India, Singapore, and U.S based companies
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Investor details for SafeGold
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Investments & Acquisitions by SafeGold
Investment portfolio details for SafeGold
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Financial Statements - SafeGold
Detailed financials for SafeGold
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Safegold Comparisons
Peer comparison for SafeGold
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Competitors of SafeGold
SafeGold 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, Augmont, Plusgold and Acre, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Jar is recognized as a leading digital gold savings app in India.
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Bullion trading and vaulting company
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Alternative investments in digital gold and silver are facilitated.
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Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores
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Blockchain is applied to mortgage and insurance application processes.
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Detailed competitors of SafeGold
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Latest news on Safegold
Complete news archive for SafeGold
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Frequently Asked Questions about SafeGold
SafeGold was founded in 2017.
SafeGold is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
SafeGold is a funded company, having raised a total of $2.38M across 4 funding rounds to date.
Annual revenue of SafeGold is $542.37M as on Mar 31, 2023.
Provider of a digital platform for buying, selling, and storing 24K gold. This platform allows users to transact in gold at low minimum investment amounts, at any time. The gold purchased is stored securely in vaults, and users can convert their digital gold holdings into physical gold coins or jewelry. The platform also offers a gold leasing scheme, enabling users to earn rental income on their digital gold holdings. The service emphasizes transparency and security, with independent assay certification of gold purity and a focus on fraud prevention.
SafeGold has 9 investors. Key investors include Pravega Ventures, Beenext, Prashant Malik, Rohan Angrish, and Niraj Shah.
The valuation of SafeGold is $6.2M as of Feb 2021.