goDutch
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
goDutch was a Mumbai-based fintech app for group payments among millennials. It let users record, split and automatically settle group transactions such as rent, travel, shopping and dining out. Its goDutch card, issued in partnership with CSB Bank, enabled real-time splitting of group payments at online and offline merchants. Founded by IIT Bombay graduates Aniruddh Singh, Riyaz Khan and Sagar Sheth, the startup raised $1.7 million in seed funding led by Matrix Partners India in July 2020, with participation from Y Combinator and others, and won Google Play's Best of 2020 app award.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
goDutch was founded in Mumbai in 2019 by IIT Bombay graduates Aniruddh Singh, Riyaz Khan and Sagar Sheth as a group payments app.
- Seed funding and launch
In July 2020 goDutch raised $1.7 million in seed funding led by Matrix Partners India, with participation from Y Combinator and others, and launched its app with a CSB Bank-partnered card.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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