GoSats Analysis: $700K Raised
What is GoSats?
GoSats is a bitcoin rewards app that enables users to earn bitcoin cashback on everyday purchases, enhancing their shopping experience with cryptocurrency benefits.
Employees
8
Founded
2021
Revenue
$1.1M
ZoomInfo
Product Features & Capabilities
- Bitcoin rewards app, cashback on purchases, GoSats Card for online and offline transactions, intuitive app for tracking spending and rewards, daily free Bitcoin spins feature, fixed and boosted rewards on selected brands.
Pricing
- Intro Card:
- Issuance Cost: ₹399 + GST
- Cashback: 0.5%
- Annual Fee: None
- Elite Card:
- Issuance Cost: None
- Cashback: 1.5%
- Annual Fee: ₹999 + GST
How much GoSats raised
Seed - $700,000
August 4, 2021Lead Investor: Alphabit Fund, Fulgur Ventures, Stacks Accelerator, SBX Capital
Who are the founders of GoSats
MR
Mohammed Roshan
Founder
RA
Roshni Aslam
Founder
Competitors Overview
GoSats operates in the bitcoin rewards and cashback market, facing competition from several notable companies:
- Lolli: An online rewards application that allows users to earn Bitcoin when shopping online. Lolli focuses specifically on cryptocurrency rewards, appealing to users interested in B
Market Focus
GoSats primarily focuses on the cryptocurrency market, specifically in the niche of bitcoin rewards and cashback services for consumers. The company allows users to earn bitcoin as cashback while shopping, integrating cryptocurrency into everyday purchases.
Business Model
B2B2C model; revenue from transaction fees and partnerships with retailers for cashback incentives.
Investors
- Accel
- Y Combinator
- 2 a.m. Ventures
- Bossa Invest
- Carlos Kronen
- C Squared Ventures
- 27 other investors
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