What is Indiagold?
Indiagold is pioneering a novel approach to creditworthiness by leveraging gold assets in the world’s second-largest internet market. The company provides APIs to banks and other lenders, enabling them to access a previously untapped market segment. Founded in 2020 and headquartered in Haryana, India, Indiagold's innovative model aims to redefine credit assessment and accessibility through digital means.
How much funding has Indiagold raised?
Indiagold has raised a total of $13.9M across 2 funding rounds:
Angel/Seed
$1.9M
Series A
$12M
Angel/Seed (2021): $1.9M with participation from Leo Capital
Series A (2021): $12M led by Alpha Wave Incubation Fund, 3one4 Capital, PayU, and Tomorrow Ventures
Key Investors in Indiagold
3one4 Capital
3one4 Capital is a venture capital firm focused on supporting early-stage, mission-oriented companies in India that aim for inclusive value creation and sustainable growth. The firm employs a deep-involvement model to help founders navigate market leadership by leveraging consumer insights and growth opportunities.
Leo Capital
Leo Capital is an investment firm that has participated in Indiagold's funding rounds, contributing to the company's growth in the digital credit platform space.
Alpha Wave Incubation Fund
Alpha Wave Incubation Fund is an investor in Indiagold, providing backing for the company's innovative gold-backed digital credit platform.
What's next for Indiagold?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Indiagold for significant scaling and market penetration. This capital infusion is expected to fuel further development of its digital credit platform and expand its reach to a broader customer base and lending partners. The company's focus on utilizing gold as a determinant for creditworthiness suggests a strategic move to unlock financial inclusion for a large, underserved population, potentially leading to further innovation in fintech lending solutions.
See full Indiagold company page
