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Plus Gold raises $1.2M in a seed funding round led by JITO and others to enhance tech infrastructure, user experience, and AI-driven investment advisory features

Jun 25, 2024about 1 year ago

Amount Raised

$1.2 Million

Round Type

seed

BengaluruFinancial Services

Investors

MisfitsShrish MishraVarun DuaSignal VenturesSachin ShettySonakshi SinhaVenture CatalystJito

Description

Gold investment app Plus Gold has raised $1.2 million in a seed funding round. The proceeds will be used to improve tech infrastructure, user experience, security, and develop AI-driven investment advisory features, as stated by Plus Gold in a press release.

Company Information

Company

Plus Gold

Location

Bengaluru, Karnataka, India

About

Plus Gold is a Bengaluru-based company offering gold investments through Systematic Investment Plans (SIPs) or one-time transactions. It enables users to redeem their digital gold investments as physical jewellery at any time, aiming to weed out barriers in traditional gold investment, such as storage, purity assurance, and liquidity issues.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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