Brands-To-Retail Hits: 1863

GOAT Brand Labs to deploy funds to acquire more brands

Brands-To-Retail Hits: 1863
GOAT Brand Labs to deploy funds to acquire more brands
Brands-To-Retail Hits: 1863

 20th June 2022, Mumbai:

Direct-to-customer fashion and lifestyle brand aggregator, GOAT Brand Labs aims to use the $50 million capital raised as part of its Series A1 funding, to acquire more brands. As per a Fashion Network report, the funds were raised from a mix of new investors including Winter Capital, Venture Catalysts, 9Unicorns, Oxyzo, and Vivriti Capital and the majority of its existing investors.

The company aims to continue acquiring and expanding high potential D2C brands across the lifestyle segment, says Rishi Vasudev, Co Founder and CEO, GOAT Brand Labs. The funding round follows the $36 million funds raised in the first round in July 2021. This round was attended by companies like Flipkart Ventures, Tiger Capital, Nordstar, and Mayfield among others.

GOAT Brand Labs currently holds 15 Indian D2C brands including fashion jewellery brand Voylla, beauty and skincare brand Nutriglow, children’s wear brand Frangipani, and ethnic wear brand TrueBrowns, etc.

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