Funding Details
- Awarder
- WeFunder
- Date Award
- January 01, 2023
- Vertical
- Fintech and Finance
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2023
- Traction
- Gullak launched in India 60 days ago and has grown from 0 to 40k transacting users, achieving a monthly GTV of $280K. The team has a successful track record in building payment systems and consumer brands.
- Organizations Involved
- Y Combinator, Better Capital, Rebel Partners, GMO Fintech Venture Fund, Pioneer Fund
- Founders
- Naimisha Rao, Dilip Jain, Manthan Shah
- Company Description
- Gullak is a mobile app that automates savings & invests these in Gold. India is a nation of savers but the way the majority of India saves is non-smart & does not create wealth. Gold is an instrument that India loves, and despite gold being a familiar asset class & giving 5% higher returns than bank deposits, 200 Mn Indians still save manually in these non-wealth creating bank deposits. Using automated savings, Gullak now makes it extremely easy for users to save small amounts regularly ($1/day) in digital Gold.
- Market
- India
- Location
-
Delaware City,
Delaware,
US
- Coinvestors
- Better Capital, Rebel Partners, GMO Fintech Venture Fund, Pioneer Fund
Links