Tiger Global leads $36m funding in G.O.A.T Brand Labs and 23 India deal updates

G.O.A.T Brand Labs, a Thrasio-style venture of former Flipkart executive Rishi Vasudev, has raised $36 million in its Series A funding round led by Tiger Global, per a company announcement.

The round also saw participation from Flipkart Ventures, the early stage venture fund of Flipkart, Mayfield, Nordstar and Better Capital.

Some of the prominent angel investors who were part of the financing include Virender Gupta of DailyHunt, Sujit Kumar (Udaan), Dr. Ranjan Pai (Manipal Group), Suhail Sameer of BharatPe, Neeraj Goenka (Texport) & Alex Kuruvilla (MD Conde Nast India).

Founded by Rishi Vasudev and Rameswar Misra, G.O.A.T intends to partner with digitally native brands by investing in them and providing them with a plug and play platform to accelerate their growth.

G.O.A.T will fuel exponential growth of D2C brands across all channels – marketplaces, brand’s e-commerce platforms, offline retail, and global markets too, by providing them a tech enabled platform for end-to-end integration replete with deep digital marketing expertise, it said in a statement.

The company is in advanced discussions with at least 10 brands for acquisition and would be announcing the same shortly. They are looking at brands in fashion, beauty, personal care, and
Home & Kitchen in the first phase.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from July 25-28, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
G.O.A.T Brand LabsBengaluru36 millionSeries ATiger GlobalFlipkart Ventures, Mayfield, Nordstar, Better Capital, Virender Gupta, Sujit Kumar, Dr. Ranjan Pai, Suhail Sameer, Neeraj Goenka, Alex KuruvillaRetailE-commerce
DroomDelhi200 million--57 Stars, Seven Train VenturesAutomobiles Other Vehicles & PartsE-commerce
ixigoGurugram53 million-GIC Infoedge Venture Funds, White Oak, Bay Capital, Orios Venture Partners, Trifecta Capital, Malabar InvestmentsTravel & LeisureTravel Tech
GupShupMumbai240 millionSeries FFidelity Management and Research Company LLC, Tiger GlobalThink Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj AroraInformation ServicesSocial Media
ZingbusGurugram6 millionPre-Series A Infoedge venturesFunders Club, Pioneer fund, Anim Fund (Founders Fund Scout), Locus ventures, Liquid 2 Ventures, AdvantEdge technology fund, 9 Unicorns, Venture Catalyst Transportation ServicesRidesharing/Transport
Skymet WeatherDelhi1.6 millionDebtNorthern Arc, Caspian Impact Investments-Environmental Services-
BandhooGurugram1.1 million-Unitus VenturesBharat Innovation FundConstructionSaaS
Axio Biosolutions Bengaluru6 millionSeries B2TrueScale CapitalOmidyar Network India, University of California–Ratan Tata FundMedical Devices & EquipmentHealthTech
MyGlammMumbai48 millionSeries CAccelBessemer Venture Partners, L’Occitane, Ascent, Amazon, the Mankekar family, Trifecta, Strides VenturesConsumer ProductsBeauty & Hygiene
PenciltonHyderabad330,000Pre-SeedJupiter (Amical Financial Technologies)Nilesh Patel, Prashant Singh, Ashish Sharma, Abhishek Goyal, Himanshu Sharma, Kunal Sinha, Vignesh Ramanujam, Tirumalareddy KarriFinanicial ServicesFinTech
ShareChatBengaluru145 millionSeries FTemasek, Moore Strategic VenturesMirae-Naver Asia Growth FundInternetSocial Media
MamaearthGurugram50 millionSeries CSofinaSequoia Capital, Fireside Ventures, Stellaris Venture Partners, Sharp Ventures, Titan CapitalConsumer ProductsE-commerce
SwiftBengaluru2.2 millionPre-Series A Kalaari Capital FirstCheque, Indian Angel NetworkSoftwareE-commerce
KeerosLucknow-Pre-Series A Venture Catalysts-FoodE-commerce
ReDesynMumbai300,000Pre-Series A Anthill Ventures. Siliconroad VC, LetsVenture, Paipal Ventures, FAAD network-RetailE-commerce
KnorishGurugram1.1 millionPre-Series A Inflection Point VenturesRockstud Capital, Pentathlon Ventures, Prophetic Ventures syndicateEducation/TrainingEdTech
Immensitas Private LimitedDelhi845,637Pre-Series A Artha Venture Fund (AVF)LogX VenturesMarketing/AdvertisingSales & Marketing Software
EloeloBengaluru2.1 millionPre-Series A Waterbridge Ventures, Lumikai Fund Better Capital, Exceed EntertainmentTravel & LeisureeSports
FreightifyChennai2.5 millionPre-Series A Nordic Eye Venture CapitalTradeworks VC, Venture Catalysts, 9Unicorns, Blume Founders Fund, Vinod Kumar TalrejaLogistics/DistributionSaaS
LoopinBengaluru820,000SeedVenture HighwayFirst ChequeSoftwareSaaS
StreakBengaluru-SeedInflection Point Ventures-Finanicial ServicesFinTech
L4o.inJaipur-SeedIANPawan Kumar Garg, Umesh Prasad, Mrinal Didige, Mohiddin Shaik, Charan Babu, Aman Manoj TekriwalEducation/TrainingEdTech
Insane AIBengaluru873,000Seedpi VenturesAnupam Mittal, Sameer Pitalwalla, Saumil Majumdar, Karan Tanna, Arjun Jain, LetsVentureHealthcare ServicesFitness & Wellness
FlamBengaluru3.5 millionSeedInventus Capital SV, Silicon Valley Quad, Kwaish Ventures, 9Unicorns-MediaSocial Media

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.