Indiagold, a startup that offers gold loans, digital gold, among others raised $10 million in an extended Series A round from existing investors including Alpha Wave, 3one4 Capital, PayU, and Leo Capital.
Through its locker service, Indiagold offers loans against both physical and digital gold. Customers can also purchase insurance for their lockers. According to regulatory filings with the Registrar of Companies, Indiagold’s board of directors approved a special resolution to issue 5,323 Series A1 compulsory convertible preference shares (CCPS) at an issue price of Rs 1,45,600 per share in order to raise Rs 77.5 crore, or nearly $10 million (RoC).
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Indiagold, a startup that offers gold loans, digital gold, among others raised $10 million in an extended Series A round from existing investors including Alpha Wave, 3one4 Capital, PayU, and Leo Capital.
Through its locker service, Indiagold offers loans against both physical and digital gold. Customers can also purchase insurance for their lockers. According to regulatory filings with the Registrar of Companies, Indiagold’s board of directors approved a special resolution to issue 5,323 Series A1 compulsory convertible preference shares (CCPS) at an issue price of Rs 1,45,600 per share in order to raise Rs 77.5 crore, or nearly $10 million (RoC).
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
