FundedIQ
Financial Services

Spare8: Funding, Investors & Team (Aug 2026)

Spare8 is the miniature venture application in India that assists you with making little computerized reserve funds and interests in gold.

www.spare8.com LinkedIn Mumbai, India 1-10 employees
Total raised
$60.0M
Rounds
1
Latest
Pre-Seed
Jul 2022

Spare8 has raised $60.0M across 1 funding round on record, the most recent a Pre-Seed of $60.0M announced in Jul 2022.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Spare8 Company Profile and Key Stats

Total funding raised
$60.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Pre-Seed
$60.0M in Jul 2022
Employees
1-10
reported band
Headquarters
Mumbai, India

Latest funding round on record: Jul 2022.

Spare8 Funding Rounds

Date
Round
Amount
Pre-Seed
$60.0M

Spare8 Founders and Leadership Team

Name
Role
Contact
Shardul Saiya
Founder

No contact details are on record for this team yet.

Spare8 Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
3,220
$3.0M
5,801
$600K

Spare8's latest round of $60.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Spare8 in Financial Services and Mumbai

Companies Similar to Spare8

Navi Finserv offers financial services to the underserved rural population of India.

Undisclosed round $100M

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Infradebt specializes in infrastructure finance and project finance.

Undisclosed round $102M

CREST Capital is a private investment firm that partners with founders, families, and institutions to build,…

Pre-Seed $3.1M

Recur Club is a trading platform for recurring revenue companies to trade their contracts/subscriptions & get…

Series A $50.0M

Mufin Green Finance is an NBFC that specialises in the electric vehicle (EV) market.

Undisclosed round $12.5M

Rovia is a digital wealth management platform that simplifies cross-border finances, specifically designed…

Pre-Seed $1.0M

Dugar Finance and Investments is a financial service firm that offers car loans, property loans, refinance,…

Seed $5.0M

Spare8 Funding FAQs

What does Spare8 do?

Spare8 is the miniature venture application in India that assists you with making little computerized reserve funds and interests in gold.

How much funding has Spare8 raised?

Spare8 has raised $60.0M across 1 round on record. The most recent is a Pre-Seed of $60.0M announced in Jul 2022.

When did Spare8 last raise funding?

Spare8's most recent funding round on record is a Pre-Seed of $60.0M, announced in Jul 2022.

Who founded Spare8?

FundedIQ lists Shardul Saiya (Founder) at Spare8.

Where is Spare8 headquartered?

Spare8 is based in Mumbai, Maharashtra, India.

How many employees does Spare8 have?

Spare8 is in the 1-10 employee band.

How does Spare8's funding compare to other Financial Services startups?

Spare8's latest round of $60.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Spare8 Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spare8 is left off this page rather than filled in.

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