YCombinator, Justin Mateen (Founder of Tinder, through the JAM Fund), and Pioneer Fund funded a $2.9 million seed round for GoBillion, a B2C social commerce platform.
Gobillion is an ecommerce business that allows users to buy together in social groups and unlock fantastic bargains. It was founded in 2020 by IIM-NIT alumni Roshan Farhan and Kulapradip Bharali.
Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan (Founder – LetsVenture), and Vikas Choudhury (President, Reliance Jio). were among the investors in the round.
Speaking on the seed fundraise, Roshan Farhan, Founder and CEO, Gobillion, said, “We are super excited to be building Gobillion and having secured the backing of marquee global investors who believe in our vision of making e-commerce social and accessible. The next frontier of growth and opportunity is enabling commerce for customers in small towns in India – we are well positioned to unlock rapid growth and delight customers with our offerings. We will be leveraging the capital to put our long-term plans into action and create a strong foundation for our business. The funds will help us invest in expanding our market, augment our tech and product capabilities, while doubling down on hiring of new talent across functions. We are grateful to our investors and customers who continue to champion our long term mission”