# GoSats

**Source:** https://geo.sig.ai/brands/gosats  
**Vertical:** Finance  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** gosats.io  
**Last Updated:** 2026-04-14

## Summary

Indian Bitcoin cashback rewards platform for everyday purchases; $4.82M from Accel and YC with 700K users earning satoshis while shopping competing in India's constrained crypto market.

## Company Overview

GoSats is a Bengaluru-based rewards platform that enables Indian consumers to earn Bitcoin cashback on everyday purchases — providing a mobile app and SatsPay feature that converts a percentage of qualifying purchases (food delivery, fashion, entertainment) into Bitcoin satoshis deposited in the user's GoSats wallet. Founded in 2019 and backed by $4.82 million from Accel and Y Combinator, GoSats surpassed 700,000 users in October 2024 and generated ₹9.11 crore (~$1.1 million) in revenue, making Bitcoin accumulation accessible to Indian consumers who don't have the technical knowledge to directly purchase cryptocurrency.

GoSats' user acquisition model is clever: rather than persuading consumers to buy Bitcoin, GoSats rewards consumers for purchases they're already making with small Bitcoin amounts. Over time, these accumulated satoshis (the smallest Bitcoin unit, 0.00000001 BTC) grow into meaningful holdings, teaching users about Bitcoin mechanics through direct ownership experience. The SatsPay feature extends this to physical merchant payments. The platform also offers stacking features where users can set automatic purchase amounts.

In 2025, GoSats competes in the Indian crypto rewards and Bitcoin accumulation market with CoinDCX, WazirX, and international Bitcoin-earning apps like Fold and Lolli (US-based) for Indian Bitcoin holder adoption. India's crypto regulatory environment has been challenging — the 1% TDS on crypto transactions (imposed in 2022) significantly reduced crypto trading volumes, and regulatory uncertainty has dampened exchange activity. However, Bitcoin cashback from shopping (framed as rewards rather than trading) may navigate this regulatory landscape differently than crypto exchange platforms. Accel's backing of GoSats reflects the fund's India fintech expertise and conviction about long-term Bitcoin adoption in India. The 2025 strategy focuses on expanding the merchant rewards network, growing the shopping categories where Bitcoin cashback is available, and potentially adding Bitcoin savings account features.

## Frequently Asked Questions

### What is GoSats?
GoSats is a Bengaluru-based app rewards platform founded in 2019 that enables users to earn free bitcoin cashback when shopping online across multiple brands. The company is part of Y Combinator's W22 batch and makes bitcoin rewards accessible to Indian consumers.

### What products and services does GoSats offer?
GoSats offers a bitcoin rewards platform that provides cashback in bitcoin for online shopping across food, fashion, and shopping categories. The platform recently launched SatsPay, a new feature that provides discounts across multiple brand partners.

### Who is GoSats designed for?
GoSats is designed for Indian consumers who want to earn bitcoin rewards while shopping online. The platform targets users interested in cryptocurrency adoption and earning free bitcoin through everyday purchases across food, fashion, and shopping categories.

### When was GoSats founded?
GoSats was founded in 2019 by Mohammed Roshan and Roshni Aslam.

### Where is GoSats headquartered?
GoSats is based in Bengaluru, India.

### How much funding has GoSats raised?
GoSats has raised $4.82 million in total funding from 16 investors. This includes a $4 million seed round in June 2022 and a $700,000 seed round in August 2021 from investors including Accel, Y Combinator, Dragon Capital, and Flucas Ventures.

### What are GoSats' key achievements and metrics?
As of October 2024, GoSats has surpassed 700,000 users. The company achieved ₹9.11 Crore revenue (approximately $1.1 million USD) as of March 2024.

### What is GoSats' approach to bitcoin rewards?
GoSats makes bitcoin rewards accessible to Indian consumers by providing cashback in bitcoin when users shop online across multiple brands. The platform operates across food, fashion, and shopping categories, demonstrating growth in the cryptocurrency adoption space.

### How can I get started with GoSats?
GoSats operates as an app-based platform where users can earn bitcoin cashback when shopping online. Users can access the platform to shop across multiple brands in food, fashion, and shopping categories.

### What are GoSats' recent developments?
GoSats recently launched SatsPay, a new feature providing discounts across the platform. As of October 2024, the company has grown to over 700,000 users and achieved ₹9.11 Crore revenue as of March 2024.

## Tags

b2c, fintech, blockchain, mobile-first, asia-pacific, startup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*