Hubble has raised $3.4 million in a seed round led by Sequoia Capital. Angel investors including Snapdeal co-founder Kunal Bahl and investor Sateesh Andra also participated in the round.
The company will utilize the capital for hiring and to build a decentralized savings infrastructure to power its consumer-facing applications. It will also use the funds for on-boarding Indian and global brands onto its platform.
Hubble helps consumers save for their purchase goals, by partnering with consumer lifestyle brands offering a 10 percent reward to the consumer for savings.
The platform claims to have a waitlist of nearly 2 lakh users and has partnered with over 25 brands.