VC Fund Investments
Bitcoin based rewards app GoSats raises $4-M
Bengaluru-based bitcoin rewards app GoSats has raised $4 million in its Pre-Series A funding round from YCombinator, Accel India, Gossamer Capital, KubeVC, 2am VC, Valhalla Capital, Soma Capital, Trampoline Venture Partners, Dragon Capital, Leonis VC, DG Daiwa Ventures, C2 ventures and Stonks.com. Angel investors including Sung Ho Choi from Fubo TV and Taher Savliwala participated in the round. GoSats is a bitcoin rewards platform that helps people accumulate free bitcoin every time they shop. The startup is currently offering its services through its mobile app. Besides, it has recently launched a prepaid debit card that can be used at all point of sale devices and ecommerce websites in India. The new funds will be deployed to scale GoSats' operations, grow its bitcoin reward program and for hiring. The startup will further deploy funds to build crypto rewards as an API service for partnered brands that will offer crypto assets in the form of loyalty points to customers. In 2021, GoSats had raised $700,000 in its seed funding round from Alphabit Fund, Fulgur Ventures, Stacks Accelerator and SBX Capital, among others.
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