M&A

M&A

Thrasio-style GOAT Brand Labs acquires kids clothing brand Frangipani

MoneyControl  

Bengaluru-based Thrasio-style company GOAT Brand Labs has acquired Mumbai-based kids clothing brand Frangipani. The Tiger Global and Flipkart Ventures-backed company has also acquired a women's lifestyle brand and an inner wear or loungewear brand but did not disclose the names of the targets. The Frangipani founders and GOAT Brand Labs will seek to combine their expertise to expand the brand's presence pan India and take it global. The latter will aid the founders in areas such as digital marketing, technology, working capital management and channel expansion.

From the Venture Intelligence PE-VC Deal Database: In Jul-21, GoAT Brand Labs raised $18-M from Nordstar, Flipkart, Tiger Global, Mayfield, and others.