Fintech startup Hubble has raised $3.4 million in its seed round led by Sequoia Capital India, with participation from top angel investors like Kunal Bahl and Sateesh Andra, among others.
The funding will be deployed towards building a decentralized savings infrastructure to power its consumer-facing applications, onboarding Indian and global brands onto its platform, and hiring talent, said Hubble in a press release.
Founded by Neeraj Tulsyan and Mayank Bishnoi, Hubble offers consumers rewarding, trustworthy, and transparent saving plans directly with top brand partners. It brings consumers and top brands closer together, allowing consumers to get more out of their savings, and expanding the reach of top brands by helping them engage with customers in meaningful ways during their consideration phase.
Hubble has launched the beta version of its mobile application on android and iOS. Within weeks of the launch, it claims to have a waitlist of over 200,000 users and has currently partnered with over 25 brands.