Plus, India’s First Jewellery Savings App has received $350k in a Seed fundraising round headed by EvolveX, We Founder Circle, Venture Catalyst, and JITO, as well as angel investors Vineet Saxena (Ex-founder Myntra, CEO Card91), Abhishek Gupta (Venture Partner, WFC), Sunil Singhvi (CEO South Handlooms), Vijay Rajagopal (Head, Amazon Pay), Abhay Tandon, Shiva Mohandas, and Sachin Shetty (Founder, Giva), participated in the investment round.
The platform will use the money to grow and improve its operations, as reported by Entrepreneur.com.
“We are immensely confident in both the market and our exceptional team. With the successful completion of this fundraise, we have made significant strides on the supply side and are now eagerly poised to bolster our demand side,” said Veer Mishra, co-founder, Plus.
“Gold has long been a preferred medium for Indian homemakers to safeguard their savings. However, with the emergence of novel platforms like Plus, we see a transformative shift in how homemakers can now save and earn interest effortlessly while aspiring for their dream jewellery. The investment in Plus aligns with our commitment to support forward-thinking solutions that have the potential to bring financial empowerment to thousands of individuals across the country with security and transparency,” said Bhawna Bhatnagar, co-founder, EvolveX.
Plus is the first jewelry savings app in India By directly saves with the jeweler and receiving up to 18% discounts. To assist Indian households, Their app is designed to give them power by letting them pre-pay for desired jewelry and receive up to 20% in benefits when redeeming.