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Gullak Money
Gullak Money

Gullak Money

Seed

Gullak: Automates savings into gold investments via a mobile app, targeting India's savers.

HQ
Bangalore, Karnataka, IN
Founded
2022
Accelerator
Y Combinator logoY CombinatorS22
Overview
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Fundraising
Employees

Gullak Money, founded in 2022, is a mobile app designed to automate savings and invest them in gold, targeting the Indian market. The company's core mission is to transform the traditional, non-smart saving habits of Indian savers into wealth-creating investments. By offering a user-friendly platform, Gullak enables users to set up automatic payments, reminders, and save on everyday expenses. The app focuses on making digital gold investments accessible and more profitable than traditional bank deposits or fixed deposits.

Notable affiliated individuals include the founding team, whose expertise spans finance and technology sectors. Gullak has rapidly grown since its launch, amassing 40,000 transacting users within 60 days and achieving a monthly Gross Transaction Value (GTV) of $280K, with a growth rate of 25% week-on-week. This impressive traction highlights the app's impact on changing saving behaviors in India, providing a more lucrative alternative to conventional saving methods.

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Gullak Money - Quick Facts

Who are Gullak Money's competitors?

Companies similar to Gullak Money include Fello, Stack Wealth, Piggy and Koshex.

When was Gullak Money founded?

Gullak Money was founded in 2022.

Where is Gullak Money's headquarters located?

Gullak Money's headquarters is located in Bangalore, Karnataka, IN.

When was Gullak Money's last funding round?

Gullak Money's most recent funding round was for $244M (USD) in January 2023.

How much has Gullak Money raised to-date?

As of Jan 18, 2023, Gullak Money has raised a total of $344.5M (USD).

How many employees does Gullak Money have?

Gullak Money has 14 employees as of Feb 24, 2024.

Gullak Money - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Model
  • Platform
Revenue
  • Recurring
  • Software
  • Transactional
Customer
  • Consumers
Main Product
  • Gold Investment
  • Savings
Tags
  • Gold
  • Mobile App
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 6090Functions Related To Depository Banking
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified