VC Fund Investments
App to save for digital gold Gullak raises $3-M
Bengaluru-based saving and investment app maker Gullak has raised USD 3 million as part of its seed round from Y Combinator and Rebel Partners and existing investor Better Capital. Other investors that participated include Goodwater capital, GMO Venture Partners (via GMO Fintech Fund), TRTL Ventures and angel investors Kunal Shah (Cred), Akshay Mehrotra and Ashish Goyal (EarlySalary), and Kevin Moore. The startup will use the funds to offer unique financial products, strengthen and also to expand its user base. It will also invest in building a community and for spreading financial awareness. Gullak helps automate savings. Users can save small amounts on a regular basis, and automatically invest that in digital gold.
From the Venture Intelligence PE-VC Deal Database: In Jun 22, Gullak had raised USD 1.28 M from Stellaris Venture Partners, Better Capital and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
