Spare8
Digital Gold Investment Made Easy
Mumbai, India · Founded 2021 · $770K raised
- Headquarters
- Mumbai
- 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.
Tech & App Stack
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Funding History
Jan 2025
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Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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