About GoSats
GoSats is a company based in Bengaluru (India) founded in 2019 by Roshni Aslam and Mohammed Roshan.. GoSats has raised $4.83 million across 3 funding rounds from investors including Accel, Stonks and 2am VC. GoSats operates in a competitive market with competitors including BigBuc and HatkePrice, among others.
- Headquarter Bengaluru, India
- Founders Roshni Aslam, Mohammed Roshan
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Saffroncoin Solutions Private Limited
- Date of Incorporation 10 May, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.52 M (USD)155.49as on Mar 31, 2023
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Net Profit
$-41.99 K (USD)-4938.99as on Mar 31, 2023
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EBITDA
$-72.93 K (USD)-554.37as on Mar 31, 2023
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Total Equity Funding
$4.83 M (USD)
in 3 rounds
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Latest Funding Round
$125 K (USD), Seed
Jun 01, 2022
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Investors
Accel
& 22 more
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Employee Count
Employee Count
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Funding Insights of GoSats
GoSats has successfully raised a total of $4.83M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $125,000
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First Round
First Round
(04 Aug 2021)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - GoSats | Valuation | Y Combinator |
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| Jun, 2022 | Amount | Seed - GoSats | Valuation |
investors |
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| Aug, 2021 | Amount | Seed - GoSats | Valuation | Alphabit , Fulgur Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GoSats
GoSats has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Stonks and 2am VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Blockchain startups are funded by the venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GoSats
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - GoSats
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gosats Comparisons
Competitors of GoSats
GoSats operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BigBuc and HatkePrice, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides an app-based platform offering cashback rewards to users.
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| domain | founded_year | HQ Location |
Operates a digital hub for crypto rewards and cashback programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gosats
Frequently Asked Questions about GoSats
When was GoSats founded?
GoSats was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is GoSats located?
GoSats is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of GoSats?
Mohammed Roshan is the current CEO of GoSats. They have also founded this company.
Is GoSats a funded company?
GoSats is a funded company, having raised a total of $4.83M across 3 funding rounds to date. The company's 1st funding round was a Seed of $700K, raised on Aug 04, 2021.
What is the annual revenue of GoSats?
Annual revenue of GoSats is $1.52M as on Mar 31, 2023.
What does GoSats do?
GoSats was founded in 2019 in Bengaluru, India, as an app-based platform in the fintech and rewards sector. Rewards and bitcoin cashback are provided to users for online shopping across multiple brands. Discounts are available in categories including food, fashion, and general shopping. The application operates on both Android and iOS devices, facilitating transactions in various retail areas.
Who are the top competitors of GoSats?
GoSats's top competitors include BigBuc and HatkePrice.
Who are GoSats's investors?
GoSats has 23 investors. Key investors include Accel, Stonks, 2am VC, Y Combinator, and Gossamer Capital.