The funding round saw participation from marquee investors such as BlackRock, Mayfield, and NB Ventures GOAT Brand Labs will use the capital to “expand” its play across multiple channels, including quick commerce, offline stores and exports The Thrasio-style startup plans to turn EBITDA-profitable in H2 FY25 Roll-up ecommerce startup GOAT Brand Labs has reportedly raised $21 Mn in a mix of debt and equity from investors such as BlackRock, Mayfield, and NB Ventures. While the startup did not disclose the valuation at which the funds were raised, sources told Economic Times that the majority of the capital was secured via the debt financing route. As per a Moneycontrol report, the house of brands startup said “there are chances” that the size of the funding round may increase to $30 Mn.
For the uninitiated, roll-up ecommerce startups acquire and scale up multiple brands. As per the ET report, the fresh capital will be utilised to “expand” GOAT Brands Labs’ play across multiple channels, including quick commerce, offline stores and exports, with a focus on growing brands like Chumbak, trueBrowns, The Label Life, Pepe Jeans Inner Fashion, Voylla, Petcrux and Nutriglow. “Our brands are seeing good profitable scale up, with a couple of them just a few quarters away from the INR 100 crore ARR (annualised revenue run rate) mark,” GOAT Brand Labs cofounder Rishi Vasudev said.
He also told the publication that GOAT Brand Labs’ current consolidated ARR is around the .
