News Update
Amidst IPL tournament, Bitcoin Premier League introduced by Bengaluru startup GoSats
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ByStartupStory | April 9, 2022
On March 26, GoSats, which rewards shoppers with Bitcoins, started Bitcoin Premier League in order to enhance a community leveraging the ongoing Indian Premier League (IPL).
The platform, Run by Saffroncoin Solutions Pvt Ltd., will reward users only during match hours on every purchase made through GoSats. Among other quirks, to keep users engaged, the firm has also brought in weekly surprise rewards.
Roshan Aslam, Co-founder and CEO, GoSats, said in a press statement, that IPL is the time of the year when the entire country is in a festive mood, and they wanted to facilitate Bitcoin rewards and other offers.
GoSats was started by Roshan and Roshni Aslam in February 2021. It enables a low-friction way in order to accumulate fractions of Bitcoin when people shop from more than 120 brands on platforms, including Flipkart, BigBasket, Amazon, Swiggy and Myntra.
The Bengaluru-based startup has onboarded over 15,000 customers, as of August 2021.
The startup also raised a seed round of worth $700,000 from Alphabit Fund, Stacks Accelerator, Fulgur Ventures, and SBX Capital, and angel investors, including Ajeet Khurana, former CEO of Zebpay; Sharan Nair, CBO of Coinswitch Kuber; Sathvik Vishwanath, CEO of Unocoin; Mohit Madan, Co-founder of Oropocket; among others.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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