Saving, investment app Gullak raises $3 mn in seed funding round

Company will use the money to increase revenue, product development, get users

Gullak, a savings and investment app backed by American start-up accelerator Y Combinator, has raised $3 million from new investors YC and Rebel partners and existing investor Better capital.

The seed-funding round also saw participation from Goodwater Capital, GMO Fintech Fund, TRTL Ventures and angel investors that included Kunal Shah of Cred, Akshay Mehrotra and Ashish Goyal of Early Salary, and Kevin Moore.

The company will use the funds to increase average revenue per unit (ARPU), product development and expand its user base. “We are driven by our vision to democratise wealth creation while working on all the