Goat Brand Labs raises $36 million from Tiger Global, Flipkart, others

Bengaluru: Goat Brand Labs, a Thrasio-style venture of former Flipkart executive Rishi Vasudev, has closed a $36-million funding round, including a debt component, amid a rush of capital that has flowed into such startups this year.

The financing was led by New York-based investment firm Tiger Global and saw participation of Flipkart Ventures, US-based Mayfield, Nordstar Partners and Better Capital. Prominent angel investors—including Sujeet Kumar of Udaan, Virender Gupta of DailyHunt, and Ranjan Pai of Manipal Group—also participated in this round.