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Total amount raised
$9.7M
Latest funding date
2026-04-06
Location
GoSats has successfully raised funds through three distinct funding rounds, attracting a diverse group of 30 investors, including notable names like Accel Atoms and Draper Dragon. The platform offers a unique bitcoin rewards app that allows customers to earn bitcoin as cashback while shopping.
What Is GoSats?
GoSats is a bitcoin and gold rewards app that allows customers to earn bitcoin as cashback while shopping. The company operates across multiple industries, including Bitcoin, Blockchain, Cryptocurrency, FinTech, Lifestyle, and Shopping.
Based in Bengaluru, India, GoSats has a small team of 11–50 employees. The company is private and has raised funding across four rounds, including a Seed round, a Pre-Series A round, a Non-Equity Assistance round from Accel Atoms, and a Series A round.
GoSats is trusted by over 1 million Indians, indicating a significant user base and a strong focus on the Indian market.
How Much Funding Has GoSats Raised?
- Seed Round
- Amount Raised: USD 700,000
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Participants: Alphabit Fund, Fulgur Ventures, Stacks Accelerator, SBX Capital, and angel investors including Ajeet Khurana, Sathvik Vishwanath, Mohit Madan, Sharan Nair, and others
- Motivation Behind the Round: Initial growth and development of the platform.
- Pre-Series A Round
- Amount Raised: USD 4,000,000
- Date: June 2022
- Lead Investors: Gossamer Capital (co-led with Y Combinator and Accel per multiple reports)
- Participants: Y Combinator, Accel, Gossamer Capital, Draper Dragon, Soma Capital, KubeVC, 2am VC, Valhalla Capital, Trampoline Venture Partners, Dragon Capital, Leonis VC, DG Daiwa Ventures, C2 Ventures, Stonks.com, and angel investors Sung Ho Choi and Taher Savliwala
- Motivation Behind the Round: Enhance operations, refine product, onboard more brands, and develop a cryptocurrency-based bonus API service for brands.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: September 2022
- Lead Investors: Accel Atoms
- Motivation Behind the Round: Support early-stage development and scaling through the Accel Atoms accelerator programme.
- Series A
- Amount Raised: USD 5,000,000
- Date: April 2026
- Lead Investors: Konvoy
- Participants: Y Combinator, Taisu Ventures, and several angel investors
- Motivation Behind the Round: Expand the asset-based rewards platform, grow user base, and develop AI-led product features.
Total Amount Raised: At least USD 9,700,000 based on disclosed funding (the Non-Equity Assistance round amount was not publicly disclosed). Current Valuation: Not publicly disclosed.
Key Investors
- Konvoy
- Details: Konvoy is a US-based venture capital firm focused on gaming and interactive entertainment. It led GoSats' Series A round in April 2026.
- Investment Focus Areas: Gaming, interactive entertainment, and related technology.
- Notable Investments: Various gaming and entertainment technology companies.
- Y Combinator
- Details: Y Combinator is a leading startup accelerator that provides seed funding, advice, and connections. It participated in GoSats' Pre-Series A round (June 2022) and Series A round (April 2026).
- Investment Focus Areas: Technology startups across various sectors.
- Notable Investments: Dropbox, Airbnb, Stripe, Reddit.
- Accel / Accel Atoms
- Details: Accel participated in the Pre-Series A round (June 2022) and its accelerator arm, Accel Atoms, provided non-equity assistance in September 2022.
- Investment Focus Areas: Technology companies across consumer, enterprise, and healthcare sectors.
- Notable Investments: Facebook, Slack, Dropbox, Spotify.
- Draper Dragon
- Details: Draper Dragon is a cross-border venture capital fund that participated in GoSats' Pre-Series A round in June 2022.
- Investment Focus Areas: Early-stage technology companies bridging Silicon Valley and Asia.
- Notable Investments: Baidu, Tesla, Skype.
- Gossamer Capital
- Details: Gossamer Capital is a venture capital firm that co-led GoSats' Pre-Series A round in June 2022.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Specific notable investments not publicly disclosed.
- Soma Capital
- Details: Soma Capital is a venture capital firm focused on early-stage technology investments. It participated in GoSats' Pre-Series A round in June 2022.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Rappi, Razorpay, Lambda School.
What's Next for GoSats?
GoSats is poised to capitalize on the growing interest in cryptocurrency rewards and cashback programs. With plans to refine their product offerings and onboard more brands, the company is well-positioned to merge crypto investments as loyalty points, creating a unique value proposition for users. The recent $4 million pre-series A funding round underscores the potential for future fundraising to support these ambitious goals.
However, GoSats will need to navigate several challenges, including competition from other cryptocurrency rewards platforms and regulatory hurdles. Ensuring the security and reliability of their services will be crucial as they aim to maintain and grow their user base in a competitive market.
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