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).
