Gullak
Early Stage
Gullak automates savings & invests these in gold
Overview
Raised: $63,568
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/27/2022
Close Date
01/27/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$25,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
254%
% of Max. Goal
51%
Likelihood of Max
Funded
Avg. Daily Raise
$2,051
# of Investors
152
Momentum
Funded
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Location
San Francisco, California
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Gullak, with a valuation of $25 million, is raising funds on Wefunder. It is a fintech company that automates savings and invests the savings in gold. The app enables users to set up automatic payments, set up reminders, or save on everyday spending and invests the saved money in 100% secure 24k gold. Gullak is led by an experienced team and has a $350,000 monthly GTV in 60 days, growing 25% weekly. Naimisha Rao, Dilip Jain, and Manthan Shah founded Gullak in July 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for product, engineering, growth, retention, and acquisition.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/27/2022
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