Jewellery savings app Plus has raised $350,000 in seed funding led by EvolveX, a startup accelerator led by We Founder Circle, alongside VCats and other angel investors. The funding will be used to expand Plus’s operations and enhance its product offerings.
Plus is a jewellery savings app that helps Indian homemakers save for their jewellery needs. The app allows users to create a jewellery savings plan and track their progress. Plus also offers a variety of features to help users save money, such as cashback offers and discounts.
The company was founded in 2022 by Veer Mishra and Raj Parakh. Plus is currently in the UAT (User Acceptance Testing) phase and has onboarded over 270 jewellers as partners. The company plans to use the funding to expand its reach to more users and jewellers.
In a statement, Mishra said that the funding will help Plus to “accelerate our growth and make jewellery savings more accessible to Indian homemakers.” He added that the company is “committed to providing a safe and secure platform for jewellery savings.”
The funding for Plus is a sign of the growing interest in the jewellery savings space. The Indian jewellery market is worth over $100 billion and is expected to grow at a CAGR of 10% in the next five years. Plus is well-positioned to capitalize on this growth, as it is the only jewellery savings app that is specifically designed for Indian homemakers.
Here are some of the benefits of using Plus:
- Easy to use: Plus is a user-friendly app that is easy to navigate. Users can easily create a jewellery savings plan and track their progress.
- Secure: Plus is a secure platform that protects user data. The app uses SSL encryption to protect user data.
- Convenient: Plus is a convenient way to save for jewellery. Users can save money through cashback offers and discounts.
- Rewarding: Plus rewards users for saving money. Users can earn points for every rupee they save, which can be redeemed for jewellery.
Plus is a great choice for Indian homemakers who are looking to save for jewellery. The app is easy to use, secure, and convenient. Plus also rewards users for saving money.