Social commerce startup Gobillion has raised $2.9 million in a funding round led by YCombinator, Tinder founder Justin Mateen, Pioneer Fund and others, the company said in a statement. The company will utilise these funds to boost its business plans, launch more categories, and strengthen its operations, product development, and technology teams. Other investors who participated in the funding round include Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan and Vikas Choudhury.
- KP Energy Shares Locked at 5% Upper Circuit On Securing New Order and Release of Financials
- RIL Becomes First Indian Company To Cross Rs 100,000 crore Threshold Pre-tax Profits, Shares Traded Flat
- Shish Industries Shares Skyrocketed 20% on Receiving Order Worth Rs 312 Crore
- Hatsun Agro Shares Gained 14% on Robust Q4FY24 Business and Financial Updates
- Tata Power and Juniper Green Sign a PPA for 85 MW Hybrid Project
Founded in 2020 by Roshan Farhan and Kulapradip Bharali, Gobillion allows customers to purchase together in social groups and unlock deals. “The firm wants to build social and gamified e-commerce experience that can cherish the needs and desires of customers in small towns in India and South-East Asia,” the company added.