New Delhi, Jul 27 (PTI) India Gold Metaverse has raised around Rs 300 crore through a private equity placement to accelerate the development of its technology platform.
The transaction, which included a secondary placement, was advised by investment bank Pantomath Group, according to a statement.
The fundraise saw participation from investors, including Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office, and Anuj Sheth Family Office.
The company said primary proceeds will be used for technology development, product commercialisation, ecosystem expansion, strategic partnerships, regulatory initiatives, and team expansion.
Lamon Rutten, MD & CEO at India Gold Metaverse, said the capital will enable us to
accelerate platform development, expand our ecosystem, deepen strategic partnerships and build scalable digital infrastructure that creates long-term value for every stakeholder across the gold value chain.
Pantomath Group’s Chairman and Managing Director Mahavir Lunawat said the participation of marquee investors reflects confidence in both the scale of the opportunity and the leadership team’s ability to execute a long-term vision.
“We are delighted to have partnered with IGM on this landmark private capital transaction,” he added.
India Gold Metaverse (IGM) mentored by Jignesh Shah, Founder of 63 Moons Ltd, is building an integrated digital infrastructure for India’s gold economy using blockchain, artificial intelligence, and financial market technologies. PTI HG TRB
