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G.O.A.T. Brand Labs acquires kids wear brand Frangipani

Nov 22, 2021
G.O.A.T. Brand Labs acquires kids wear brand Frangipani

Tiger Global and Flipkart Ventures-backed G.O.A.T Brand Labs has acquired Mumbai-based kids clothing brand Frangipani. 

The company has also acquired a women's lifestyle brand and an innerwear or loungewear brand but did not disclose the names of the targets.

G.O.A.T Labs is modeled on the lines of New York-based e-commerce player Thrasio, which acquires small merchants and brands listed on Amazon marketplace and provides them with technology, digital marketing, and sales chops to accelerate growth.

The Frangipani founders and G.O.A.T Brand Labs will combine their expertise to expand the brand’s presence pan India and take it global. G.O.A.T Brand Labs will aid the founders in areas such as digital marketing, technology, working capital management, and channel expansion.

Founded in 2012 as a small business from home, Frangipani was born out of both necessity and opportunity for new mothers, Sunaina Patel and Mansi Kilachand. Patel and Kilachand, in a statement, said, “For GOAT Brand Labs, we were not just another brand in their portfolio, and it wasn’t just about numbers and valuation, it was an understanding of the value and potential of our brand. With the growth capital and operational support provided by the team, we hope to quickly realize Frangipani’s future potential of being a 100-crore brand.”

Earlier this year, G.O.A.T Brand Labs raised $36 million in its Series A round from Tiger Global Management, Flipkart Ventures, and Mayfield.

Source: IndianRetailer.com

Image Source: Google Images

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