# Gullak

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

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.gullak.money/
- Total disclosed funding: $11M
- Latest round: Series A (Sep 23, 2025)
- Investors on record: 10

## About

Founded in 2022 and based in Bangalore, India, Finterscale Technology Private Limited, dba Gullak, operates as a provider of a savings and investment app that enables users to save small amounts daily and invest in wealth-creating assets such as gold. Manthan Shah and Dilip Jain, and Naimisha Rao are the co-founders of the company. In September 2025, Gullak raised USD 7.5 million in series A funding led by Chiratae Ventures, with participation from White Venture Capital, SamVed.Y, Combinator, Rebel Fund and GMO VenturePartners.

The company provides an easy-to-use savings and investing app that simplifies the financial planning process for individuals in India. Customers can use this app to set up automatic payments, receive reminders, and save money on everyday expenses. The Gullak app is available for download on both the Apple App Store and Google Play.

The platform provides a one-of-a-kind feature of investing in 100% secure 24k gold, which provides nearly three times the returns of standard Fixed Deposits or Life Insurance Corporation investments. In addition, Gullak also has a Gold+ option that allows users to earn an extra 5% on their savings by leasing their gold with reputable jewellers. The program also allows for actual gold delivery and instant transfers to UPI IDs. Finterscale Technology Private Limited generates by enabling digital gold savings, charging transaction fees, premium Gold+ subscriptions, and earning spreads on gold purchases and interest payouts.

The company will use the September 2025 funding to grow its presence in smaller cities, build partnerships with jewellers, and increase its user base.

## Funding rounds

- Series A, Sep 23, 2025, $7.5M — Chiratae Ventures, Y Combinator, GMO VenturePartners, Rebel Fund, White Venture Capital, SamVed
- Seed, Jan 19, 2023, $3M — Better Capital, Y Combinator, GMO VenturePartners, Goodwater Capital, Rebel Fund, TRTL Ventures
- Seed, Oct 1, 2022 — Pioneer Fund

## Investors

- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Better Capital — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Seed, Series A
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed, Series A
- TRTL Ventures (https://capitalatlas.ai/funds/trtl-ventures) — Seed
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A
- White Venture Capital (https://capitalatlas.ai/funds/white-venture-capital) — Series A
- SamVed (https://capitalatlas.ai/funds/samved) — Series A