Gold savings app Gullak raises $7.5 M led by Chiratae Ventures

Bengaluru-based Gullak , a gold savings app, has raised USD 7.5 million in a Series A funding round led by Chiratae Ventures with participation from White Venture Capital, Samved Ventures, and existing backers Y Combinator, GMO Venture Partners and Rebel Fund.The proceeds from the fresh issue will be used to strengthen brand presence and marketing, expand reach across Tier-II and Tier-III cities, and deepen partnerships with jewellers.Since its launch in 2022, the company claims that it has helped users save more than 1,000 kg of gold using the platform.