Gobillion Analysis
What is Gobillion?
Castle is a streaming app branded as Castle APK and Castle app on gobillion.co. The site describes access to movies, TV shows, web series, live TV, and dramas in multiple Indian languages, with HD and Full HD playback. It also advertises watch and download features across Android phones, smart TVs, and PCs using an emulator.
Location
New Delhi, India
Employees
1-10
Founded
2020
Revenue
$533K
Product Features & Capabilities
- online grocery shopping, household essentials, personal care products, hygiene essentials, food & beverages, group buying, social shopping rooms, discounts on bulk purchases
Who are the founders of Gobillion
RF
Roshan Farhan
Founder/CEO
KB
Kulapradip Bharali
Co-Founder/CTO
Business Model
Pioneers "Team Buy" model, enabling group purchases for savings through community engagement.
Competitors Overview
Gobillion operates in the social e-commerce market, primarily focusing on group buying for groceries and household essentials. Its main competitors include:
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DealShare: A social e-commerce platform that allows users to buy groceries and essentials in groups, similar to Gobillion. DealShare has a strong presence in Tier 2 and Tier 3 cities in India and offers a wide range of products. Its notable advantage is its established user base and extensive network of local suppliers, which helps in providing competitive pricing.
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Meesho: Known for enabling resellers to sell products through social media platforms, Meesho has a vast reach and a diverse product range. Its advantage lies in its strong community of resellers, which allows for a wide variety of products and price points, making it accessible to a larger audience.
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Shop101: This platform also focuses on social commerce, allowing users to create their own online stores and sell products through social networks. Its advantage is the empowerment of individual sellers, which fosters a community-driven marketplace.
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GlowRoad: Similar to Meesho, GlowRoad allows users to resell products via social media. Its strength is in its user-friendly interface and support for new sellers, making it easy for anyone to start selling.
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ePlane: While not as widely recognized, ePlane focuses on group buying and offers competitive pricing on various products. Its advantage is its niche focus on specific product categories, which can attract targeted customer segments.
These competitors highlight the growing trend of social e-commerce in India, each with unique advantages that cater to different aspects of the market.
Investors
- YCombinator
- JAM Fund
- Pioneer Fund
- Justeen Mateen (Tinder founder)
Market Focus
Gobillion primarily focuses on the social e-commerce industry, specifically enabling group buying for groceries and household essentials, promoting community-based shopping to help customers save money.
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Financial Overview
$533KEstimated Revenue
$2.9 million
October 2021
Investors: YCombinator, JAM Fund (Justin Mateen, Founder - Tinder), Pioneer Fund, Soma Capital, Goodwater Capital, Venture Souq, Acacia Venture Capital Partners, Chris Golda Investments, Oliver Jung, Shanti Mohan (Founder of LetsVenture), Vikalp Sahni (Co-Founder of Goibibo), Vikas Choudhury (President, Reliance Jio), Luciano Freitas (Co-Founder of Facily).