Plusgold - About the company
Plusgold is a seed company based in Bengaluru (India), founded in 2022 by Raj Parakh. It operates as a Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores. Plusgold has raised $1.69M in funding from investors like JITO Incubation & Innovation Foundation, EvolveX Accelerator and Wells Fargo, with a current valuation of $*****. The company has 123 active competitors, including 15 funded and 2 that have exited. Its top competitors include companies like ShopBack, CashKaro and FatakPay.
Company Details
Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores. Enables to save in gold in one time or SIP, users can leverage the exclusive discounts and coupons available to invest their savings into jewellery, users have the freedom to discover and choose jewellers that align with their preferences and requirements, and more. Application is made available on android and iOS platform.
- Website
- plusgold.in
- Social
- Email ID
- *****@getplus.in
- Phone Number
- +91 **********
- Registered Address
- 43, Padmawati Complex, Mahapragya Vihar, Bhuvana, Udaipur, Udaipur, Rajasthan, India, 313001
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Seed
Total Funding
$1.69M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 25, 2024
Investors
Ranked
18th among 123 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2024
Employee Count
41 as on Sep 30, 2026
Legal entities associated with Plusgold
Plusgold is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FINSHAKTI SOLUTIONS PRIVATE LIMITED CIN: U72200RJ2022PTC081506 , India, Active | May 20, 2022 | 0 - ₹10 Cr (As on Mar 31, 2024) | 10 (As on Nov 30, 2024) |
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Plusgold's funding and investors
Plusgold has raised a total funding of $1.69M over 4 rounds. Its first funding round was on Nov 03, 2022. Its latest funding round was a Seed round on Jun 25, 2024 for $*****. 6 investors participated in its latest round. Plusgold has 12 institutional investors and 16 angel investors.
Here is the list of recent funding rounds of Plusgold:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 25, 2024 | 5277498 | Seed | 6473335 | 2972007 | 6040783 | 9986871 |
Aug 17, 2023 | 5433065 | Seed | 8050674 | 7041271 | 8716640 | |
Jan 05, 2023 | 9080467 | Seed | 3795222 | 9820175 | 6793963 |
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Plusgold's founders and board of directors
Founder? Claim ProfileThe founders of Plusgold is Raj Parakh.
Here are the details of Plusgold's key team members:
- Raj Parakh: Co-Founder of Plusgold and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Plusgold's Board of Directors
Plusgold's board has 3 active members. Raj Parakh and Virendra Mishra are part of team and Vaishali Sinha is independent board member.Here is the list of Plusgold's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 3m | |
Team | - | Current | 4y 5m | |
Independent board member | - | Current | 4y 5m |
View details of Plusgold's Founder profiles and Board Members
Plusgold's employee count trend
Plusgold has 41 employees as of Sep 26. Here is Plusgold's employee count trend over the years:
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Plusgold's Competitors and alternates
Top competitors of Plusgold include ShopBack, CashKaro and FatakPay. Here is the list of Top 10 competitors of Plusgold, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online platform providing cashback rewards, coupons, and promo codes for purchases | $350M | 80/100 | ||
2nd | Platform offering cashback and coupon offers from e-commerce portals | $32.5M | 78/100 | ||
3rd | Operator of an application providing instant personal loans and financial services | $6.15M | 60/100 | ||
4th | Provider of a platform for loans, investments, and wellness products | $4.63M | 59/100 | ||
5th | Retailer of gold and silver bullion via online platform | - | - | 58/100 | |
6th | Provider of a digital platform for buying, selling, and storing 24K gold | $2.37M | 58/100 | ||
7th | Bullion trading and vaulting company | $10.6M | 55/100 | ||
8th |  Twelve Club 2021, Delhi (India), Funding Raised | Provider of marketplace platform for personal loans | - | - | 54/100 |
9th | App-based platform offering rewards for multi-category products | $545K | 51/100 | ||
10th | Platform offering digital gold, gold coin sales, investment products, and related financial services | $2.22M | - | 51/100 | |
18th | Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores | $1.69M | 43/100 |
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Plusgold's Investments and acquisitions
Plusgold has made no investments or acquisitions yet.
Reports related to Plusgold
Here is the latest report on Plusgold's sector:
News related to Plusgold
•
PLUS Gold Empowers Users to Own Physical Gold Effortlessly with the Launch of Meera Jewelry CollectionBusinessnewsthisweek•Nov 06, 2024•Plusgold
•
Plus Gold Raises $1.2 Mn From Venture Catalysts, JITO, OthersBW Disrupt•Jun 25, 2024•Plusgold, Venture Catalysts, Signal, JITO Incubation & Innovation Foundation and 3 others
•
India’s First Jewellery Savings App Plus raises USD 350K in its Seed RoundTechiexpert•Aug 17, 2023•Plusgold, Civimetria, Wells Fargo, Venture Catalysts and 4 others
•
Plus has raised fresh funding round led by Jito Angel NetworkEnablers•Jan 05, 2023•Plusgold, JITO Incubation & Innovation Foundation
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