Indiagold, a startup that provides services such as gold loans and digital gold, among other things, raised $10 million from current investors such as Alpha Wave, 3one4 Capital, PayU, and Leo Capital in an extended Series A round.
Indiagold provides loans against both actual and digital gold through its locker service. Additionally, customers have the option to insure their lockers. In order to raise Rs 77.5 crore, or around $10 million, Indiagold’s board of directors passed 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, according to regulatory filings with the Registrar of Companies (RoC).
