Digital brands acquirer Goat Brand Labs raises $36-M from Tiger Global, Flipkart, others

Bengaluru-based Goat Brand Labs, a Thrasio-style venture promoted by former Flipkart executive Rishi Vasudev, has closed a USD 36 million funding round, of which 50% is in the form of debt. The financing was led by New York-based investment firm Tiger Global and saw the participation of Flipkart Ventures, US-based Mayfield, Nordstar Partners and Better Capital. Angel investors Sujeet Kumar of Udaan, Virender Gupta of DailyHunt, and Ranjan Pai of Manipal Group also participated in this round. The company is expected to acquire lifestyle brands and help them grow online, similar to Thrasio.