1 month ago
India Gold Metaverse Raises ₹300 Crore for Digital Gold Economy
India Gold Metaverse is a company that has raised ₹300 crore from private investors to build a digital infrastructure for the gold industry.
This money will be used to develop new technologies, expand their ecosystem, and form strategic partnerships.
The company has four main platforms: Elanzia, which helps jewellers and bullion participants; RamMudra, which uses blockchain for digital gold and coins; GoldSense, which uses AI to verify the purity of gold; and BullionX, which helps with trading and price discovery.
The investors believe in the company's vision to transform India's gold industry using technology.
The company aims to formalize the gold industry and create new opportunities for everyone involved.
India Gold Metaverse raised ₹300 crore from private equity investors and secondary placement.
The funds will be used for technology development, product commercialization, ecosystem expansion, and strategic partnerships.
Key investors include Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office, and Anuj Sheth Family Office.
The company's platforms include Elanzia, RamMudra, GoldSense, and BullionX, which aim to formalize the gold industry.
The investment reflects confidence in the digital transformation of India's gold industry.
- Who
- India Gold Metaverse, Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office, Anuj Sheth Family Office, Pantomath Group, Jignesh Shah, Lamon Rutten, Mahavir Lunawat
- What
- Raised ₹300 crore to build digital infrastructure for the gold economy
- Where
- India
- When
- July 27, 2026
- Why
- To develop technology, product commercialization, ecosystem expansion, strategic partnerships, regulatory initiatives, and team expansion
Investor Perspective
Company Perspective
Investment Motivation
Investor Perspective
Investors see potential in the digital transformation of India's gold industry and the leadership team's vision.
Company Perspective
The company aims to formalize the gold industry and unlock new opportunities through technology.
Key facts
- Funding Amount
- ₹300 crore
- Investors
- Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office, Anuj Sheth Family Office
- Facilitator
- Pantomath Group
- Mentor
- Jignesh Shah, Founder, 63 Moons
- Platforms
- Elanzia, RamMudra, GoldSense, BullionX
- CEO
- Lamon Rutten
- CMD, Pantomath Group
- Mahavir Lunawat
Quotes
Lamon Rutten, MD & CEO, India Gold Metaverse
Chief executive officer of India Gold Metaverse
“The capital will enable the company to accelerate platform development, expand the ecosystem, deepen strategic partnerships and build scalable digital infrastructure that creates long‑term value for every stakeholder across the gold value chain.”
thehindubusinessline.com
“India Gold Metaverse has the potential to become a foundational digital infrastructure platform for the gold economy by bringing together technology, trust and market efficiency on a single ecosystem.”
thehindubusinessline.com
Sources
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