Jewellery Savings App Plus Raises $350,000 In Seed Funding The platform will utilize the funds towards expanding and enhancing its operations

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

A jewellery savings app, Plus has raised $350,000 in a Seed funding round led by EvolveX. The investment round saw participation from investors including We Founder Circle, Venture Catalyst, JITO, and angels such as Vineet Saxena (Ex-founder Myntra, CEO Card91), Abhishek Gupta (Venture partner, WFC), Sunil Singhvi (CEO South Handlooms), Vijay Rajagopal (Head, Amazon Pay), Abhay Tandon, Shiva Mohandas, Sachin Shetty (Founder, Giva), among others. The platform will utilize the funds towards expanding and enhancing its operations.

"We are immensely confident in both the market and our exceptional team. With the successful completion of this fundraise, we have made significant strides on the supply side and are now eagerly poised to bolster our demand side," said Veer Mishra, co-founder, Plus.

Plus with its slogan 'Bharat ka Jewellery Savings App' empowers Indian homemakers to save for their desired jewellery effortlessly, while also earning a 10% annual interest.

"Gold has long been a preferred medium for Indian homemakers to safeguard their savings. However, with the emergence of novel platforms like Plus, we see a transformative shift in how homemakers can now save and earn interest effortlessly while aspiring for their dream jewellery. The investment in Plus aligns with our commitment to support forward-thinking solutions that have the potential to bring financial empowerment to thousands of individuals across the country with security and transparency," said Bhawna Bhatnagar, co-founder, EvolveX.

The EvolveX founded by We Founder Circle, is an accelerator program that has been providing high-impact acceleration to early-revenue startups from various sectors since its inception in 2021.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Business Plans

10 Simple Tips to Write a Successful Business Plan

In the new book "Write Your Own Business Plan," business expert Eric Butow takes the anxiety and confusion out of planning and offers an easy-to-follow roadmap to success.

News and Trends

Zeron Secures $500,000 In Seed Funding

The infusion of capital will be used towards fueling Zeron's ongoing research and development initiatives, advancing the frontiers of AI-powered cybersecurity, and expanding its global presence


From Being an Innovator Founder to Being an Investor, Read this Journey in the Field of Biotech

Arun Asaithambi has recently established Jaia Tech Ventures along with Anand Asaithambi in India to support and empower startups and innovators in the technology and healthcare industry through angel investments


20 Ways to Boost Your Energy at Work

This infographic will teach you simple tricks to help keep you going all day long.

Business News

ChatGPT Will Soon Be Able to Speak, Listen and Have Instant Conversations

Open AI announced updates to the AI technology arriving in the next two weeks.

Starting a Business

16 Accelerators Designed to Fast-Track Small Business Founder Success

If you want to start up, level up, or scale up, look into these accelerator programs being offered by the big businesses on our Champions of Small Business list.