Fintech firm Hubble raises $3.4 Mn in the Seed round led by Sequoia

• ByStartupStory     |    April 14, 2022

Gullak Technologies Pvt Ltd, the company behind fintech startup Hubble, announced on Thursday that it has raised $3.4 million (about Rs 26 crore) in a seed round sponsored by Sequoia Capital India. Angel investors included Kunal Bahl (Co-Founder and Chief Executive Officer, Snapdeal) and Sateesh Andra (Managing Director, Endiya Partners), among others, in the funding.

Hubble intends to invest the funds in developing a solid decentralized savings infrastructure to support its consumer-facing services, as well as onboarding leading Indian and worldwide brands and employing talent.

Hubble, founded by Bishnoi and Neeraj Tulsyan in 2022, is a smartphone app that offers lucrative savings programs with prominent lifestyle companies. Through advance payments received from clients, the platform also assists brands in acquiring new customers, increasing repeat purchase rates, and reducing working capital requirements.

Hubble has worked with over 25 brands and released a beta version of its mobile app for Android and iOS. When compared to typical saving products like fixed deposits and mutual funds, the platform claims to help clients earn 5X better returns.

We are pleased to have a highly motivated and skilled staff join us in our objective in the coming months, and we will invest in building systems employing modern technologies and frameworks like UPI, open banking, account aggregator, and so on. Tulsyan said.

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