Fintech startup IndiaGold has closed its Series A funding round at $22 million from investors including Alpha Wave, 3one4 Capital, YourStory reported. Separately, Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF II) announced an investment of over $20 million (Rs 165 crore) in Sowparnika Homes Pvt. Limited (Sowparnika Projects).

Indiagold raises $22m

Fintech startup IndiaGold has closed its Series A funding round at $22 million, YourStory reported on Thursday.

The Series A round took place in two tranches–the first fundraising of $12 million was in July 2021, and in August 2022, the startup raised $10 million.

It saw participation from investors such as Alpha Wave, 3one4 Capital, PayU, Leo Capital, Better Tomorrow Ventures, and Rainmatter Capital, among others.

Launched in 2020 by founders Deepak Abbot and Nitin Misra, Indiagold provides instant gold loans and secure gold locker services across India.

Walton Street BlackSoil Fund invests $20m in Sowparnika Homes

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF II) on Thursday said it has invested $22 million (Rs 165 crore) in Sowparnika Homes Pvt. Limited (Sowparnika Projects).

The project will cater to the mid-income and affordable segment with an average ticket size of Rs 50 lakhs and is located close to key employment centres and IT Hubs such as Sarjapur Road, Whitefield, and Old Madras Road in Bengaluru.

Sowparnika claims to have delivered more than 5 million square feet, covering more than 7,500 homes, in this segment, and currently has 4,500 homes spread across 4 million sq ft under development in Bengaluru.

“WSBREDF-II has already crossed its target fund size of Rs 500 crore and stepped into the green shoe. The fund is expected to close shortly,” said Vimal Jangla, managing partner of WSB Real Estate Partners.

WSBREDF-II recently invested over Rs 105 crore in two under-construction mid-income housing projects of Pune-based realty developer Paranjape Group.

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