How much funding has Spare8 raised?

Spare8 has raised $770K in total funding, most recently a Pre-Seed round.

Who are Spare8's investors?

Spare8's investors include 2am VC, Varanium Capital, Incisive Ventures, Broom Ventures, Magic.fund.

Where is Spare8 headquartered?

Spare8 is headquartered in Mumbai, Maharashtra, India.

What industry is Spare8 in?

Spare8 operates in Fintech, Wealth Management.

Spare8

Digital Gold Investment Made Easy

Mumbai, India · Founded 2021 · $770K raised

Fintech

Wealth Management

Headquarters: Mumbai, Maharashtra
Employees: 1–10
Founded: 2021
Business Model: B2B2C

Website: spare8.com
Total Funding: $770K
Last Round: $770K Pre-SeedJan 2025
Rounds: 2

About

Spare8 is a Mumbai-based fintech startup founded in 2021 by Ronit Harisingani and Shardul Saiya. The platform lets users lease, earn interest, and auto-invest in digital gold backed 1:1 by physical gold held in secure vaults. Key features include zero transaction fees, UPI 2.0 and HyperUPI support, physical gold delivery redemption, and gifting. Spare8 raised seed funding led by Param Agrawal and Rajiv Shastri (former CEO of NJ Asset Management). The company targets financial inclusion for Indian consumers using gold as a familiar asset class.

Summary

Spare8 is a Fintech company based in Mumbai, India, founded in 2021. It has raised $770K in total across 2 rounds, most recently a $770K Pre-Seed round in Jan 2025. Investors include 2am VC, Varanium Capital and Incisive Ventures.