Social commerce start-up Gobillion raises $2.9 mn from YCombinator, others

Group-buying platform allows multiple users to aggregate their purchases and place bulk orders.

Gobillion, a social commerce platform, has raised $2.9 million in seed funding from YCombinator, Pioneer fund and Tinder founder Justeen Mateen, who made the investment through his venture capital firm JAM Fund.

The start-up began operations in Guwahati in February and sells essentials like groceries in a group-buying, meaning multiple users aggregate their purchases to place bulk orders for discounts and offers. According to the company, its total market size is 400 million users spread across Indian tier 2 cities and abroad.

“We are probably the first start-up from the [Indian] eastern region to be selected in a YCombinator cohort as most