Indiagold raises $12 Mn led by PayU and Alpha Wave Incubation

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Indiagold has raised $12 Mn in its Series A funding led by Prosus’ PayU, which typically only backs later stage deals and Falcon’s Alpha Wave Incubation (AWI) fund. Better Tomorrow Ventures, 3one4 Capital, Rainmatter Capital and existing investor Leo Capital also participated in the round.

More to know

Indiagold is building a gold-focused digital alternative credit platform. The startup today has two major offerings: It has made it very easy and affordable for people to keep their gold in a safe locker; and it’s enabled them the option to take a loan against their gold reserves.

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