GoSats has raised $5 million (approximately Rs 47 crore) in its Series A funding round led by Konvoy, with participation from Y Combinator and Taisu Ventures.
The company plans to use the fresh capital to accelerate user acquisition, targeting growth from 1.5 lakh users to 1 million in the coming years. Investments will also focus on expanding its product suite, strengthening its technology stack with AI-driven personalisation, and building its team.
Founded by Mohammed Roshan and Roshni Aslam, GoSats has evolved from a Bitcoin cashback platform into a broader rewards-led wealth platform.
The startup now offers rewards across multiple asset classes, including gold, gift vouchers, and merchandise, while also planning to introduce additional options such as stablecoins, stock baskets, and silver.
GoSats will also expand its rewards ecosystem by deepening partnerships with consumer platforms such as Flipkart, Myntra, Swiggy, and Nykaa.
The platform enables users to earn rewards that can be stored in GoSats wallets and redeemed across asset types, including Bitcoin and gold. The company has partnered with Augmont to facilitate gold-backed rewards and exchanges.
In addition, GoSats offers physical Visa cards, including a premium ‘Elite’ version, and has recently introduced UPI integration to enable QR-based transactions through the card.
Since its inception, the startup has processed rewards worth Rs 50 crore in Bitcoin and Rs 5 crore in gold, with around 80,000 monthly active users. It currently disburses approximately Rs 40 lakh in rewards each month and processed nearly $30 million (Rs 280 crore) in gross merchandise value in FY26.
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