# Gullak Technologies Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gullak-technologies-pvt

- Industry: Financial Services
- Headquarters: Bengaluru, India
- Website: www.myhubble.money
- Total disclosed funding: $3.4M
- Latest round: Seed (Mar 5, 2022)
- Investors on record: 1

## About

Based in Bengaluru, India, and founded in 2021 by Neeraj Tulsyan, and Mayank Bishnoi, Gullak Technologies Pvt Ltd, dba Hubble is a fintech company that provides a decentralized savings infrastructure. In April 2022, Gullak Technologies Private Limited raised INR 260 million in Seed funding led by new investor Sequoia Capital with participation from individual investors. The firm has partnered with Croma. 

Hubble provides a platform via mobile apps through which users can access flexible savings plans and earn 10% tax-free rewards on all savings. The app allows users to select a goal for which they can begin saving money, and they earn rewards every 30 days until they save enough to purchase the product, at which point they move on to the next product/financial goal. Moreover, the app functions as a payment gateway, allowing customers to earn an additional cashback/discount of 5-10% for every item purchased and paid for through the app.

The company intends to use its April 2022 funds to build a strong decentralized savings infrastructure to power the company's consumer-facing applications, onboard leading Indian and global brands onto its platform, and hire talent.

## Funding rounds

- Seed, Mar 5, 2022, $3.4M — Hong Shan

## Investors

- Hong Shan — Seed