Gullak Money YCアプリケーション

Summer 2022Active

Gullak MoneyはSummer 2022バッチでFintech企業としてY Combinatorを卒業しました。以下：会社の事業内容、創業者、そして実際のYCフォームで質問ごとに再構築されたYCへの応募内容。

YCバッチ: Summer 2022
業界: Fintech
チーム規模: 15
ステータス: Active
ローンチ済み: 2022

創業者

Naimisha RaoFounder
Dilip JainFounder
Manthan ShahFounder

Gullak Moneyの事業内容

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 manually in these non wealth creating bank deposits. This is largely because the ways to save in Gold required painful discrete activities such as manually accumulating money to buy gold, going to offline stores to buy this gold, incurring storage charges & more. The minimum ticket size for purchasing gold at these stores is $50 adding to more friction to saving in Gold. Using automated savings, Gullak now makes it extremely easy for users to save small amounts regularly($1/day) in digital Gold.This was not possible a year ago because the underlying infrastructure(UPI Autopay) was missing. With 50 Mn Indians saving $2/day & with gold backed lending, this is a $1.5Bn market opportunity. Gullak’s Founding team is the team which built BHIM UPI App(10Mn Downloads in 10 Days), this was launched by the PM of India. We built large scale payment systems for partners like GooglePay / Amazon, processing more than 30Mn payments/day. This is the same team that has built more than 40+ consumer brands & their initial growth strategy.

Gullak MoneyのYCアプリケーション、再構築済み

Y Combinator 申請

Gullak Money 様、Summer 2022 バッチ。公開データから回答された、実際のフォームの質問。

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Gullak Money

Describe what your company does in 50 characters or less.

Automates savings and invests in gold

What is your company going to make? Please describe your product and what it does or will do.

Gullak is a mobile app that automates small daily savings and invests them directly in digital gold. It removes friction by using UPI Autopay, enabling users to save around $1 a day safely without manual effort. We launched in India 60 days ago and already have 40k users transacting regularly and a monthly transaction value of about $280K.

Where do you live now, and where would the company be based after YC?

We live in Bengaluru, Karnataka, India, and the company will remain based there after YC.

Explain your decision regarding location.

Bengaluru is India's fintech hub with a deep talent pool and an established startup ecosystem. Being here gives us access to infrastructure and partnerships critical for digital payments and gold investment products in India.

フルアプリケーションで21件の追加回答

はフルバージョンにあります。無料アカウントを作成して、他のすべてのYCバッチの横にあるYCインサイトで開いてください。

申請内容全体を見る

よくある質問

Gullak Moneyの実際のYCアプリケーションですか？

いいえ。Y Combinatorは提出されたアプリケーションを非公開にしています。これは再構築されたものです。実際のYCフォームの質問に、Gullak Moneyの公開データ（ローンチノート、創業者経歴、製品説明）から回答しています。Gullak Moneyのような会社がYCにどのようにアピールするかを示しており、彼らが提出したテキストではありません。