VC Fund Investments
Gold loans provider Indiagold raises $10-M from Alpha Wave, 3one4 Capital, others
Indiagold, a Gurugram-based startup that offers gold loans, has attracted USD 10 million in an extended Series A round from existing investors including Alpha Wave, 3one4 Capital, PayU, and Leo Capital. Alpha Wave led the round with INR 38.76 crore followed by 3one4 Capital which infused INR 19.38 crore. Payu Fintech Investments and Leo Capital also joined in and invested INR 11.62 crore and INR 7.75 crore, respectively. Indiagold provides loans against physical as well as digital gold through its locker service.
From the Venture Intelligence PE-VC Deal Database: In Sep-21, Indiagold had attracted USD 12 million in September 2021 from Better Tomorrow Ventures,Rainmatter Capital,Leo Capital,Prosus Ventures,3ONE4 Capital and Alpha Wave Global. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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