D2C rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands

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Direct-to-consumer (D2C) rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands. It did not, however, reveal the names of the other four brands.

GOAT collaborates with brands and provides them with resources to help them scale. Following the acquisition, GOAT intends to increase Chumbak’s revenue to INR 500 crore by 2025. Chumbak’s capabilities in brand building, digital marketing, online and offline growth, and international market expansion will be leveraged further. Eight months ago, GOAT infused an undisclosed amount in skincare and cosmetics brand Nutriglow. According to Inc42, the country’s D2C market is expected to grow at a CAGR of 24% to $300 billion by 2030.

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D2C rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands

Direct-to-consumer (D2C) rollup ecommerce startup GOAT Brand Labs acquired Chumbak and four other D2C brands. It did not, however, reveal the names of the other four brands.

GOAT collaborates with brands and provides them with resources to help them scale. Following the acquisition, GOAT intends to increase Chumbak’s revenue to INR 500 crore by 2025. Chumbak’s capabilities in brand building, digital marketing, online and offline growth, and international market expansion will be leveraged further. Eight months ago, GOAT infused an undisclosed amount in skincare and cosmetics brand Nutriglow. According to Inc42, the country’s D2C market is expected to grow at a CAGR of 24% to $300 billion by 2030.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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