Gullak has raised a funding of $3 Mn in its seed round To Offer New Financial Products

Gullak, a savings and investment startup based in India, has recently announced that it has raised seed funding to offer new financial products to its customers. The funding round was led by a group of angel investors, and will be used to expand the company’s product offerings and grow its customer base.

Gullak was founded in 2020, with the goal of making savings and investments more accessible to the average person in India. The company offers a mobile app that allows customers to save and invest their money in a variety of financial products, such as fixed deposits, mutual funds, and insurance policies.

The company’s mission is to help customers achieve their financial goals by providing them with the tools and resources they need to save and invest their money. The app also allows customers to track their savings and investments, and provides them with personalized advice and recommendations based on their financial goals.

The new funding will be used to expand Gullak’s product offerings and grow its customer base. The company plans to launch new financial products, such as equity-linked savings schemes and gold ETFs, to cater to a wider range of customers. It also plans to increase its marketing efforts and expand its customer support team.

The funding round is a positive development for Gullak, as it will allow the company to continue to grow and expand its business. The new financial products that the company plans to launch will provide customers with more options to save and invest their money, which will help to make savings and investments more accessible to more people in India.

The company also plans to introduce other features like stock trading, loans and credit cards, as well as increasing its geographical reach by expanding its operations to other cities in India.

Overall, Gullak’s seed funding round is a promising development for the company, and highlights the growing interest in financial technology startups in India. With the right support and funding, Gullak can continue to offer new financial products and make savings and investments more accessible to the average person in India.