Private Equity

VC Fund Investments

Digital gold investment app Gullak raises Rs.10-Cr from Better Capital, Stellaris

Economic Times  

Gullak, a Bengaluru-based savings and investment app has raised INR 10 crore in a funding round led by Better Capital and Stellaris Venture Partners. The round also saw participation from angel investors Vimal Kumar and Sheetal Lalwani (co-founders at JusPay), Shan MS (chief growth officer, JusPay), Ramanathan RV (co-founder at Hyperface), Maya Kunnath (head of legal, Hyperface), Nitin Gupta (founder and CEO at UniCards) and Prasanna Sankar (co-founder at Rippling). Gullak allows customers to save money on a monthly basis and invest it automatically in digital gold. The startup will deploy the capital to expand its reach and for product enhancement and marketing.