India Gold Metaverse has successfully raised ₹300 crore from private equity investors and secondary placement to develop the first-ever integrated digital infrastructure for the gold economy. According to reports from The Hindu BusinessLine, the proceeds from this equity investment will be utilized for developing technology, product commercialisation, ecosystem expansion, strategic partnerships, regulatory initiatives and team expansion. The transaction was facilitated by Pantomath Group, a leading investment bank.
The fundraising witnessed participation from a group of prominent investors including Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office and Anuj Sheth Family Office. As reported by The Hindu BusinessLine, Jignesh Shah, Founder of 63 Moons, serves as the Mentor and Coach of IGM, combining Blockchain, Artificial Intelligence and financial market technologies. The platform represents a comprehensive approach to digitizing India's traditional gold industry.
The platform comprises four interconnected technologies designed to formalize India's gold industry. According to the company's announcement, Elanzia serves as an aggregation platform for jewellers and bullion participants, while RamMudra provides blockchain-enabled digital gold and coins functionality. GoldSense operates as an AI-powered purity verification engine, and BullionX functions as institutional trading infrastructure for efficient price discovery, liquidity and settlement. These platforms collectively seek to unlock new opportunities for consumers, jewellers, investors and financial institutions across the gold value chain.
Lamon Rutten, MD & CEO of India Gold Metaverse, stated that the equity private placement validates the belief that India's gold industry is ready for technology-led transformation. As reported by The Hindu BusinessLine, the capital will enable the company to accelerate platform development, expand the ecosystem, deepen strategic partnerships and build scalable digital infrastructure. Mahavir Lunawat, CMD of Pantomath Group, emphasized that 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.
