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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $493,297
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First Round
First Round
(28 Apr 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - SafeGold | Valuation | Pravega Ventures | |
| Aug, 2019 | Amount | Seed - SafeGold | Valuation | Pravega Ventures | |
| Nov, 2018 | Amount | Seed - SafeGold | Valuation | Beenext |
| 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 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. 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 venture capital fund
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Founded Year | Domain | Location | |
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Financial services, strategic advisory, and partnerships in investments.
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Founded Year | Domain | Location | |
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Angel network focused on India, Singapore, and U.S based companies
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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 SafeGold
| 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 - SafeGold
| 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 |
Safegold Comparisons
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. 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 |
Alternative investments in digital gold and silver are facilitated.
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| domain | founded_year | HQ Location |
Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores
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| domain | founded_year | HQ Location |
Blockchain is applied to mortgage and insurance application processes.
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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 Safegold
Frequently Asked Questions about SafeGold
When was SafeGold founded?
SafeGold was founded in 2017.
Where is SafeGold located?
SafeGold is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is SafeGold a funded company?
SafeGold is a funded company, having raised a total of $2.38M across 4 funding rounds to date. The company's 1st funding round was a Seed of $657.07K, raised on Apr 28, 2017.
What is the annual revenue of SafeGold?
Annual revenue of SafeGold is $542.37M as on Mar 31, 2023.
What does SafeGold do?
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.
Who are the top competitors of SafeGold?
Who are SafeGold's investors?
SafeGold has 9 investors. Key investors include Pravega Ventures, Beenext, Prashant Malik, Rohan Angrish, and Niraj Shah.
What is SafeGold's valuation?
The valuation of SafeGold is $6.2M as of Feb 2021.