
indiagold
New age doorstep banking services for secured lending.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
investor investor investor investor investor investor | €0.0 | round | |
* | $10.0m Valuation: $60.0m 2.6x EV/Revenue | Series A | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 396 % | 16 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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IndiaGold is a fintech startup operating in the Indian market, offering quick and convenient gold loans to its customers. The company's primary service is providing gold loans, which are loans secured by gold, at a competitive interest rate starting at just 0.77% per month. The unique selling proposition of IndiaGold is its home service, where a loan manager visits the customer's home to complete the application process and transfer the loan amount within 30 minutes.
The company's business model revolves around leveraging the value of gold, a commonly held asset in Indian households, to provide quick and easy loans. The gold is stored in highly secure bank vaults and is fully insured, providing peace of mind to the customers. The company also offers the option to shift an existing loan, potentially saving customers a significant amount in interest.
IndiaGold primarily serves individuals who need quick access to funds and have gold assets to secure the loan. The company generates revenue through the interest charged on these loans. The entire process, from application to repayment, can be managed through the IndiaGold app, providing a seamless and convenient customer experience.
In summary, IndiaGold is a fintech startup offering quick, convenient, and secure gold loans to individuals in the Indian market, with the unique feature of home service for loan processing.
Keywords: Fintech, Gold Loans, Quick Service, Home Service, Secure Gold Vaults, Low-Interest Rate, Loan Shifting, Indian Market, Mobile App, Insured Gold.