TL;DR: Gullak Money is a Y Combinator Summer 2022 startup Gullak automates savings & invests these in gold, currently active with a team of 15.
Gullak automates savings & invests these in gold
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Gullak is a mobile app that automates savings & invests these in Gold. We launched in India 60 days ago and have grown from 0 to 40k transacting users and hit a monthly GTV of $280K already. We are growing 25% week on week. India is a nation of savers but the way the majority of India saves is non-smart & does not create wealth. There are 200 Mn Indians who save manually in bank deposits, the returns from these instruments do not even beat India's inflation. Gold is an instrument that India loves - 30Bn worth gold is purchased in India every year by middle income households. Gold has great cultural significance in India & there is high familiarity with the asset class. Despite gold being a familiar asset class & giving 5% higher returns than bank deposits, 200 Mn Indians still save manual…
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Yes. Gullak Money was funded by Y Combinator in the Summer 2022 batch. Gullak automates savings & invests these in gold
Gullak is a mobile app that automates savings & invests these in Gold. We launched in India 60 days ago and have grown from 0 to 40k transacting users and hit a monthly GTV of $280K already. We are growing 25% week on week. India is a nation of savers but the way the majority of India saves is non-smart & does not cre…
Gullak Money was part of Y Combinator's Summer 2022 batch.
Gullak Money has a team of 15 people according to Y Combinator's directory.
Gullak Money is currently listed as Active with a team of 15 in Y Combinator's directory.
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