Funding · Financial Services

GoSats raises $5M Series A from Konvoy

By Startup Enthusiast · 6 April 2026

What they do

GoSats lets users earn rewards in Bitcoin, gold and other assets for online shopping

It raised $5M in Series A funding led by US VC Konvoy, with Y Combinator and Taisu Ventures participating

The company plans to add silver, stablecoins and stock baskets to its rewards ecosystem

GoSats has raised $5M in a Series A round.
The round was led by US-based VC firm Konvoy.
Existing backer Y Combinator and Web3-focused Taisu Ventures also participated.
Angel investors joined the round according to one source.
The company will use the funds to accelerate user acquisition and expand its product suite.
It also plans to improve its tech stack with AI-driven personalisation for wealth management and shopping.
GoSats aims to grow its user base from 1.5 Lakh to 1 million in the coming years.

GoSats wants to be seen as a wealth platform, not just a Bitcoin or crypto product.
It plans to expand rewards to new asset classes like silver, stablecoins and stock baskets.
The company will deepen partnerships with consumer brands and fintech platforms.
This funding comes as GoSats processes ₹50 Cr in Bitcoin and ₹5 Cr in gold rewards since inception.

GoSats initially offered cashback in Bitcoin for online shopping and later added gold, gift vouchers and merchandise.
Users collect rewards in GoSats wallets and can redeem them into blockchain wallets or use them for future purchases.
It partners with Augmont for gold rewards exchange to physical gold or gold-backed assets.
Rewards are backed by Bitcoin or gold held by GoSats; users cannot buy or sell Bitcoin directly.
GoSats offers physical Visa cards – a basic free card and an Elite card with ₹999 annual subscription.
The Elite card has UPI integration for transactions via any QR code.
Partner brands include Flipkart, Myntra, Swiggy, Nykaa and Google.
GoSats processes monthly rewards of about ₹40 Lakh.

Accelerate user acquisition to reach 1 million users.
Expand product suite with AI-driven personalisation for wealth management and shopping.
Add new reward asset classes: silver, stablecoins, stock baskets.
Deepen partnerships with consumer brands and fintech platforms.
Expand the team.

Product: Fintech platform offering Bitcoin and gold rewards on online shopping, gift cards, and prepaid instruments
Customers: Indian consumers seeking exposure to digital assets and alternative wealth accumulation
How it makes money: B2C2B platform connecting brands with consumers through rewards and crypto incentives
What sets it apart: Integrated rewards ecosystem expanding beyond Bitcoin to include gold and other asset classes