The Gupta Saka was founded by Chandra Gupta, the First. The Gupta Empire was an ancient Indian dynasty that existed from around 320 to 550 CE. Chandra Gupta, the First was the founder of this empire. He established his reign in Northern India, with Pataliputra as his capital. Chandra Gupta, the First, was a skilled ruler who expanded his kingdom through military conquests and diplomatic alliances. Under his rule, the Gupta Empire witnessed significant cultural and intellectual achievements, often referred to as the "Golden Age" of India. Therefore, option 1 is the correct answer.