Gobillion scoops up $2.9 Mn in seed round

Social commerce platform Gobillion has raised $2.9 million in a seed round led by YC, Justin Mateen and Pioneer Fund.

Other investors who participated in the round include Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan and Vikas Choudhury.

The firm plans to use the funds to ramp up its business expansion plans, launch more categories, and strengthen its operations, product development, and technology teams.

Launched in 2020 by Roshan Farhan and Kulapradip Bharali, Gobillion enables customers to buy together in social groups and unlock deals.

The Delhi-based startup is targeting the next 400 million customers living in tier II cities in India and prepares to launch its services across 12 cities in the next 18 months while scaling across 100 cities in the upcoming four to five years.