Indiagold raised $10 million in an extended Series A round from Alpha Wave and others

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Indiagold raised $10 million in an extended Series A round from Alpha Wave and others

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).

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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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).

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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