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  • Writer's pictureGreat Companies

Coinbazaar is aiming to strike gold

Analysing the timeless trend of Indians for their love of Gold and Silver, there would hardly be a household in Urban India who wouldn't have gold or silver coins at their home once they start saving. Adding to this thought was the fact that there was no specific platform in this niche who could give variety of options at transparent rates with 100% Guarantee on Quality of products being sold. This led to the beginning of thought behind CoinBazaar.

CoinBazaar was founded in Oct ' 2012 & is based out of Mumbai [The Financial Capital of India]. In addition to being the home town of all 3 co-founders, Mumbai's Zaveri Bazaar is regarded as the most trusted place for all Bullion Brands and it sets the benchmark for pricing of bullion coins & bars across India.

The GOLDEN team

Mr. Pankaj Jain is a Masters in Computer Applications [MCA] by qualification and his family are traditional jewelers. He has worked with Infosys for more than 7 years as 'Technology Lead' in various domains and creating innovative solutions before starting in 2012.

Mr. Priyesh Shah is a Chartered Accountant [CA] and a Certified Financial Planner [CFP] by qualification. He did his Masters in Commerce and worked as a Chief Financial Planner with experience of more than 7 years before starting

Mr. Rakesh Jain is a Bachelor in Information Technology with expertise in software domain [BSc-IT]. He has worked with TCS for more than 7 years helping clients with their technical issues before starting

Products Offering

CoinBazaar is the curator & aggregator for various bullion brands in India and also offers precious coins from various mints across the globe. The pricing of Gold and Silver Coins is as per "LIVE" bullion market rates which gets regularly refreshed on CoinBazaar several times during the day. This gives Transparency in Pricing and Best rate across all marketplaces and local jewelers selling precious coins and bars.

Tough Market

Coin Bazaar works on a mix of Real time Inventory & Ready Inventory Model to cater to widest range of Brands and Products. Coinbazaar Team has complete control over the products being despatched. This ensures a 100% trust on the product, which is both certified and verified before it is shipped. The special courier partners specialized in handling precious deliveries are onboarded for executing a safe and insured delivery to clients doorstep anywhere in India. Most of the clients make Online payments , however for those who can't even Cash On Delivery [COD] is available up to certain limit.

Gold Business

Coinbazaar have explored in extremely niche area and is not a "MeToo" company where they have learnt from the experience and expertise of existing company. The team has faced challenges in each and every front like Gaining Trust, Technical Challenges, Logistic Issues , Packing Issues, Financial Challenge etc. Technical challenges they could understand better with Co-founders expertise. Trust they built by only having Top Premium Bullion Brands, BIS and Hallmark Products which come with Certificate and Secured Packing. Logistic was a big challenge however over a period of time they improved their packing and tied up with precious metal handling companies for safe logistics.

The Future is Shining

2019-20 The team of Coinbazaar is looking at scaling-up operations and look at raising angel funds to kick-start their expansion plans. They are looking at adding "Digital Gold" as well which would exponentially grow the clientbase. Also Coinbazaar App is on the cards for Android and IOS for daily price check and saving regularly SIP in Gold or Silver Coins.

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