Gobillion, a social commerce platform, raised $2.9 million in a seed round led by YC, Justin Mateen, and Pioneer Fund.Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan, and Vikas Choudhury were among the other investors in the round.
The funds will be used to accelerate the company’s business expansion plans, launch new product categories, and strengthen its operations, product development, and technology teams. Gobillion, which was launched in 2020 by Roshan Farhan and Kulapradip Bharali, allows customers to buy in social groups and unlock deals.
The Delhi-based startup is targeting the next 400 million customers in India’s tier II cities and plans to launch its services in 12 cities over the next 18 months before expanding to 100 cities over the next four to five years.
