# Flat White Capital Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flat-white-capital-private

- Industry: Financial Services
- Headquarters: Gurgaon, India
- Website: www.indiagold.co
- Total disclosed funding: $24M
- Latest round: Series A (Jul 4, 2022)
- Investors on record: 12

## About

Flat White Capital Private Limited, located in Gurgaon, India, specializes in providing financial solutions through gold loans, enabling individuals and businesses to leverage their gold assets effectively.Flat White Capital Private Limited was founded in 2020 in Gurgaon, India, and focuses on offering gold loans. The firm has completed 3 deals, with its latest funding round being a Series A round on July 4, 2022, where it raised INR 775.04 mn from investors including 3one4Capital Advisors, Alpha Wave Global, Leo Capital, and PayU India. The company was co-founded by Deepak Abbot and Nitin Misra, who have a history of involvement in the financial services sector.Flat White Capital's indiagold offers financial services primarily centered around gold loans, catering to individuals and small to medium-sized enterprises. The core offerings include gold loans with interest rates starting at 0.85% per month, quick disbursal times, and minimal documentation. Customers utilize the indiagold app for loan applications, appointment scheduling, and repayments, which allows for immediate capital access for various needs across major cities in India, including Delhi, Gurgaon, Indore, Surat, Hyderabad, Chennai, Mumbai, Pune, and Lucknow.In the most recent year, Flat White Capital reported a revenue of INR 1,276,203.40 and an EBITDA of -INR 5,802,442.50, reflecting the financial dynamics of its gold loan operations.Following the Series A funding of INR 775.04 mn on July 4, 2022, Flat White Capital aims to enhance its product offerings and expand its market reach. Plans include launching new financial products designed for broader asset management solutions and targeting expansion into additional regions within India to capture a larger customer base. The company intends to utilize the recent funding to support these initiatives and improve operational efficiencies.

## Funding rounds

- Series A, Jul 4, 2022, $9.8M — Alpha Wave Global, PayU India, 3one4Capital Advisors, Leo Capital
- Series A, Sep 10, 2021, $12M — Alpha Wave Global, Rainmatter, 3one4Capital Advisors, Leo Capital, Better Tomorrow Ventures, PayU India
- Seed, Apr 7, 2020, $1.8M — Blume Ventures, Meta Studio Advisors, Whiteboard Capital, Leo Capital, QED Innovation Labs, LogX Ventures, Sprout Investments

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed
- Meta Studio Advisors — Seed
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Seed
- Leo Capital (https://capitalatlas.ai/funds/leo-capital) — Seed, Series A
- QED Innovation Labs — Seed
- LogX Ventures — Seed
- Sprout Investments — Seed
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series A
- Rainmatter (https://capitalatlas.ai/funds/rainmatter) — Series A
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Series A
- Better Tomorrow Ventures (https://capitalatlas.ai/funds/better-tomorrow-ventures) — Series A
- PayU India — Series A