Pantomath Group facilitates and closes the marquee transaction, reinforcing investor confidence in IGM’s vision to build India’s first integrated digital infrastructure for the gold economy

Mumbai: India is home to one of the world’s largest private gold reserves, with households estimated to own nearly 25,000 tonnes of gold valued at approximately US$2.4 trillion as per World Gold Council. Yet, despite the sheer scale of this wealth, much of the country’s gold economy continues to operate through fragmented and largely unorganized networks, constrained by trust deficits, inconsistent pricing mechanisms, limited digital adoption and the absence of integrated market infrastructure. It is this structural opportunity that India Gold Metaverse (IGM) seeks to unlock by building India’s first integrated digital infrastructure for the gold economy.

In a strong endorsement of this vision, Pantomath Group, one of India’s leading investment banks, has facilitate successfully raised approximately ₹300 crore private equity raise for India Gold Metaverse (IGM), including a secondary placement. The transaction witnessed participation from a distinguished group of investors including Mr. Ashish Kacholia, Jagdish Master Family Office, Waaree Family Office, Ravi Sheth Family Office and Anuj Sheth Family Office, reflecting strong conviction in IGM’s ambition to build a transparent, trusted and digitally connected ecosystem for India’s gold, bullion and jewellery industry.

Mr. Jignesh Shah, Founder, 63 Moons Ltd is the Mentor and Coach of IGM, IGM combines Blockchain, Artificial Intelligence and financial market technologies to build an integrated digital infrastructure for India’s gold economy. The Platform comprises four interconnected technology pillars:

  • Elanzia™: A digital aggregation platform for jewelers and bullion participants
  • RamMudra™: Blockchain-enabled digital gold and coins
  • GoldSense™: An AI-powered purity verification engine (An AI-powered Digital Karatometer)
  • BullionX™: An institutional trading infrastructure designed to enable efficient price discovery, liquidity and settlement.

Together, these platforms seek to formalize one of India’s largest traditional industries while unlocking new opportunities for consumers, jewelers, investors and financial institutions.

The investment thesis resonated strongly with investors, driven by the structural opportunity presented by India’s deep rooted gold consumption, the ongoing formalization of the bullion and jewellery industry, increasing adoption of digital technologies and IGM’s scalable platform driven business model. Investors also recognized the opportunity to back a category defining business capable of creating foundational market infrastructure for one of India’s most significant asset classes.

For Pantomath Group, the transaction demonstrates its ability to identify, position and successfully execute private capital transactions for promising businesses. Working closely with the management team, Pantomath helped articulate IGM’s investment proposition, facilitated investor engagement through

management interactions and product demonstrations, and successfully closed the transaction

within an accelerated timeline of under 60 days despite heightened geopolitical uncertainty and volatile market conditions.

Mr. Lamon Rutten, MD & CEO, India Gold Metaverse, said, “This equity private placement validates our belief that India’s gold industry is ready for a technology led transformation. The capital will enable us to accelerate platform development, expand our ecosystem, deepen strategic partnerships and build scalable digital infrastructure that creates long term value for every stakeholder across the gold value chain.”

Adding to it, Mr. Mahavir Lunawat, CMD, Pantomath Group said, “Every transformative industry is built on robust market infrastructure. We believe India Gold Metaverse has the potential to become a foundational digital infrastructure platform for India’s 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. We are delighted to have partnered with IGM on this landmark private capital transaction.”

The Primary proceeds from the equity investment will be utilized towards technology development, product commercialization, ecosystem expansion, strategic partnerships, regulatory initiatives and team expansion, accelerating IGM’s roadmap to build a scalable digital infrastructure for India’s gold, bullion and jewellery economy.