Chennai-based gold loan platform Oro Money has raised Rs 36 crore in a Series A round led by 021 Capital. This is the maiden funding round for the company which competes with Rupeek and Indiagold.
Oro Money has allotted 1,077 equity and 3,716 Series A CCPS at an issue price of Rs 96,000 to raise Rs 36 crore, regulatory filings with RoC show.
021 Capital Scheme led the round with Rs 22 crore whereas Premji Invest has put in Rs 12 crore. Yash Amit Nanavati and Rathna Girish Mathrubootham have invested Rs 1 crore and Rs 50 lakh respectively.