India, Sept. 24 -- Investment and savings platform Gullak has raised $7.5 Mn (about INR 66.5 Cr) in its Series A round led by Chiratae Ventures, along with participation from White Venture Capital, Samved Ventures, and existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.

In a statement, the startup said that it will use the capital to boost brand presence and marketing efforts, expand reach in tier II & III cities, and further deepen partnerships with jewellers to offer innovative solutions.

Founded in 2022 by Manthan Shah, Naimisha Rao, and Dilip Jain, Gullak allows users to buy gold and save money to invest in gold or digital gold. The platform allows users to invest via gold SIPs starting from INR 100 per day, or m...