# Spare8 Platforms Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spare8-platforms-pvt

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.spare8.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Jul 29, 2022)
- Investors on record: 5

## About

Founded in 2021 and based in Mumbai, India, Spare8 Platforms Pvt. Ltd. operates as an investment platform that provides digital transactions through its mobile application for digital savings and investments. The company was founded by Ronit Harisingani and Shardul Saiya. In July 2022, Spare8 Platforms Pvt. Ltd. raised INR 60.05 in seed funding led by investors 2 a.m. Ventures, Broom Ventures, Incisive Ventures, Magic Fund, and Varanium Capital. 

The company is a micro-investing platform that allows customers to develop daily investment habits and be rewarded. Users only need to provide basic information to begin investing with Spare8. Individuals can use a gold investing app to invest in digital gold and store it in their own digital vaults. The digital gold can be exchanged for genuine gold coins, biscuits, or cash.

## Funding rounds

- Seed, Jul 29, 2022, $0.8M — Varanium Capital, Broom Ventures, 2am VC, Magic Fund, Incisive Ventures

## Investors

- Varanium Capital (https://capitalatlas.ai/funds/varanium-capital) — Seed
- Broom Ventures (https://capitalatlas.ai/funds/broom-ventures) — Seed
- 2am VC (https://capitalatlas.ai/funds/2am-vc) — Seed
- Magic Fund (https://capitalatlas.ai/funds/magic-fund) — Seed
- Incisive Ventures (https://capitalatlas.ai/funds/incisive-ventures) — Seed