Funding Alert: G.O.A.T Brand Labs raises USD 50 million

Funding Alert: G.O.A.T Brand Labs raises USD 50 million

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Immediate to buyers manufacturer aggregator G.O.A.T Model Labs on Thursday mentioned it has secured USD 50 million (about Rs 390 crore) in funding as element of Collection A1 spherical. The spherical noticed the participation from new traders, which includes Wintertime Cash, 9Unicorns, Venture Catalysts, Vivriti Funds and Oxyzo along with most of the company’s present buyers, G.O.A.T Brand Labs reported in a statement.

The organization had lifted its to start with spherical of USD 36 million in July 2021 with investments from Tiger Global, Flipkart Ventures, Mayfield, Nordstar, Better Funds, Trifecta and other individuals. The new money will be utilised to receive new manufacturers, it added. “We will continue to obtain large possible D2C models across the way of life segments and scale them to large outcomes,” G.O.A.T Manufacturer Labs co-founder & CEO Rishi Vasudev stated.

In a person yr because commencing the enterprise, the business said it has concluded 15 acquisitions of very well-recognized, sturdy and future D2C models in the life-style space, which includes The Label Daily life (life-style manufacturer), Voylla (manner jewelry), trueBrowns & Abhishti (Indian have on), Frangipani (youngsters dress in), Neemli and Nutriglow (splendor and skincare) and pets brand name Doggie Dabbas. The organization is in state-of-the-art discussions with a further 12 models, which will be unveiled in the coming days, it extra.

(PTI)

 




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