GoSats Success story: Brother-sister duo took the risk of starting a startup in the Corona era, today the revenue is in crores

Talking about Gosats, this company earns through affiliate fees, interchange fees and card subscriptions. At present, it has a customer base of 2.5 lakh users. Significantly, 3 years ago Mohammad Roshan and Roshni Aslam had to sell their bitcoins to start their company.

If you buy goods online on the e-commerce platform , then you will definitely be happy to get cashback and discounts. But imagine how you would feel if you got 'Bitcoin' instead . The brother-sister duo worked on this idea and opened a startup at a time when the whole world was battling the Corona pandemic .

The pair of Mohammed Roshan and Roshni Aslam together started GoSats in the year 2021. Presently Mohammad Roshan is the CEO of the company while Roshni Aslam is the Head of Finance. Both of them have taken this startup to new heights in just two years. At present, its annual revenue is Rs 3 crore. Next year their revenue is expected to increase 5 times and it can touch the figure of 15 crores.

Boom in cryptocurrency market

At present, the market of cryptocurrencies like Bitcoin, Ethereum is growing rapidly. Decentralized Finance (Defi) and NFTs (non-fungible token) have opened up new investment opportunities in the crypto industry. How fast the crypto industry is growing, it is known that by the year 2026, it is expected to touch the magical figure of 2.2 billion US dollars. Talking about GoSats, it gives you bitcoin rewards for shopping, no matter which platform you are shopping from.

Brother and sister's journey so far

Talking about Mohammad Roshan, he has been active in the crypto industry in India since 2014. He created India's first cryptocurrency Saffroncoin. After this he worked as Chief Scientist in Indian cryptocurrency exchange Unocoin. After working here for 18 months, he became the CTO of Throughbit.

On the other hand, if we talk about his sister Roshni, she has taken MSC degree in Finance from UK University. He then worked with investment analyst cryptocurrency and digital asset investment fund Alphabit. He then worked as a Senior Research Analyst at ONEX AE, a Dubai-based financial consultancy firm.

How does Gosats earn?

Talking about Gosats, this company earns through affiliate fees, interchange fees and card subscriptions. At present, it has a customer base of 2.5 lakh users. Significantly, 3 years ago Mohammad Roshan and Roshni Aslam had to sell their bitcoins to start their company. Then the price of bitcoin was 8000 dollars.

He got 20 lakh rupees by selling bitcoins. He then raised seed funding of $700,000 for Gosats in August 2021. About 20 months later, in June 2022, Gosats secured $ 40 million in pre-Series A funding round.