Gullak Analysis
What is Gullak?
Gullak is a savings app that automates the process of saving and investing in digital gold. Its unique approach allows users to save effortlessly through automatic payments and invest in gold, providing higher returns compared to traditional savings methods. This enables users to achieve their financial goals while simplifying the investment process.
Employees
11-50
Founded
2015
Industry
FinTech
Revenue
$51.6K
Company Stage
Seed
Investors
- YC (Y Combinator)
- Rebel Partners
- Better Capital
YC Batch
S22
Product Features & Capabilities
- Automatic savings through UPI autopay
- Digital gold investment with extra annual returns
- Physical gold delivery to customers' doorsteps
- Gold SIP plans starting from ₹50/day
- Rewards for consistent saving and referrals.
Use Cases
Automate savings for daily expenses; Invest in digital gold for wealth creation; Set financial goals with small daily contributions; Withdraw savings as cash or gold; Receive physical gold coins delivered to home.
Who are the founders of Gullak
Other Considerations
Trusted by over 900,000 users; Raised ₹10 crore in pre-seed funding; Offers a unique 5% extra gold annually.
Company Pricing
- Save starting from ₹50/day
- Purchase gold coins starting at ₹200
- Rewards up to ₹2000 for referrals and festivals
- Gold+ SIP setup with UPI AutoPay for rewards up to ₹1500
- Automatic payments and reminders available
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