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Angel Investor (Individual)

Investments

10

Portfolio Exits

1

About Shanti Mohan

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Latest Shanti Mohan News

Social Commerce Startup Gobillion Raises Seed Funding Of $ 2.9M

Dec 22, 2022

Gobillion, a pioneering B2C social commerce platform for the next 400 million customers spread across tier-2+ cities in India, raises seed funding amount of US$2.9 Million led by YCombinator, Justin Mateen (Founder - Tinder, through the JAM Fund) and Pioneer Fund. Other marquee global investors who invested in Gobillion are Soma Capital, Goodwater Capital,  Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan (Founder - LetsVenture), Vikas Choudhury (President, Reliance Jio). Some other investors include Acacia Venture Capital Partners, Soma Ventures, Asymmetry Ventures, Dileep Thazhmon (Founder - Jeeves), Vikalp Sahni (Co-Founder, Goibibo), Harsh Pokharna (Founder - OkCredit) and others. Gobillion’s mission is to make e-commerce social and accessible - it stands out as an e-commerce pioneer that is enabling customers to buy together in social groups and unlock great deals. Incepted in 2020 and globally headquartered in San Francisco, USA with it’s India head office in New Delhi, Gobillion has been co-founded by IIM-NIT alumni Roshan Farhan and Kulapradip Bharali. This latest injection of funds will be primarily optimized for scaling Gobillion’s business expansion, launching more categories, and strengthening its operations, product development, and technology teams. The company aims to build extensive social and gamified e-commerce experience that can best cater to the needs and aspirations of customers in small towns in India and South-East Asia. By scaling across multiple daily use categories including groceries, daily essentials, home & kitchen items with the best value for money deals, the brand envisages becoming the go-to social commerce platform for countless customers for the next 400 million customers living in tier 2 cities in India. Speaking on the seed fundraise, Roshan Farhan, Founder and CEO, Gobillion, said, “We are super excited to be building Gobillion and having secured the backing of marquee global investors who believe in our vision of making e-commerce social and accessible. The next frontier of growth and opportunity is enabling commerce for customers in small towns in India -  we are well positioned to unlock rapid growth and delight customers with our offerings. We will be leveraging the capital to put our long-term plans into action and create a strong foundation for our business. The funds will help us invest in expanding our market, augment our tech and product capabilities, while doubling down on hiring of new talent across functions. We are grateful to our investors and customers who continue to champion our long term mission” Gobillion endeavors launching its services across 12 cities in the next 1.5 years while scaling across 100 more cities in the upcoming four to five years. Share this article:

Shanti Mohan Investments

10 Investments

Shanti Mohan has made 10 investments. Their latest investment was in Gobillion as part of their Seed VC on December 12, 2021.

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Shanti Mohan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/22/2021

Seed VC

Gobillion

$2.9M

Yes

12

12/22/2021

Seed

Minko

$1.5M

Yes

Kunal Shah, LC Nueva Investment Partners, Shanti Mohan, and Undisclosed Angel Investors

5

10/25/2021

Seed VC

Siply

$3.2M

Yes

7

6/22/2021

Seed VC - II

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$99M

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10

3/16/2021

Seed VC

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$99M

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10

Date

12/22/2021

12/22/2021

10/25/2021

6/22/2021

3/16/2021

Round

Seed VC

Seed

Seed VC

Seed VC - II

Seed VC

Company

Gobillion

Minko

Siply

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Amount

$2.9M

$1.5M

$3.2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Kunal Shah, LC Nueva Investment Partners, Shanti Mohan, and Undisclosed Angel Investors

Sources

12

5

7

10

10

Shanti Mohan Portfolio Exits

1 Portfolio Exit

Shanti Mohan has 1 portfolio exit. Their latest portfolio exit was Mitron on June 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/10/2022

Acquired

$99M

1

Date

6/10/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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