India Gold Metaverse has raised ₹300 crore from private equity investors and secondary placement to build the first-ever integrated digital infrastructure for the gold economy.
The proceeds from the equity investment will be used to develop technology, product commercialisation, ecosystem expansion, strategic partnerships, regulatory initiatives and team expansion.
The transaction witnessed participation from a group of investors including Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office and Anuj Sheth Family Office. Pantomath Group, a leading investment bank, facilitated the fund raise.
Jignesh Shah, Founder, 63 Moons is the Mentor and Coach of IGM, which combines Blockchain, Artificial Intelligence and financial market technologies.
The platform comprises four interconnected technologies including Elanzia, an aggregation platform for jewellers and bullion participants, RamMudra for blockchain-enabled digital gold and coins, GoldSense, an AI-powered purity verification engine and BullionX, an institutional trading infrastructure designed to enable efficient price discovery, liquidity and settlement.
Together, these platforms seek to formalise one of India’s largest traditional industries while unlocking new opportunities for consumers, jewellers, investors and financial institutions.
Lamon Rutten, MD & CEO, India Gold Metaverse said the equity private placement validates the belief that India’s gold industry is ready for a technology-led transformation.
The capital will enable the company to accelerate platform development, expand the ecosystem, deepen strategic partnerships and build scalable digital infrastructure that creates long-term value for every stakeholder across the gold value chain, he said.
Mahavir Lunawat, CMD, Pantomath Group said 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.
The participation of marquee investors reflects confidence in both the scale of the opportunity and the leadership team’s ability to execute a long-term vision, he said.
Published on July 27, 2026
