India, April 6 -- Bitcoin rewards startup GoSats has raised $5 Mn (about Rs.47 Cr) in its Series A funding round led by US-based VC firm Konvoy Ventures, with participation from existing backer Y Combinator and Web3-focused Taisu Ventures.

The startup plans to utilise the fresh funds to accelerate user acquisition with an aim to increase its user base to 1 Mn in the coming years from 1.5 Lakh currently. It will also use the capital to expand its product suite, improve its tech stack, especially through AI-driven personalisation for wealth management and shopping recommendations, and expand its team.

GoSats also plans to expand its rewards ecosystem to include new asset classes and deepen partnerships with consumer brands and fintech pla...