GOAT Brand Labs Completes 100% Acquisition of Frangipani

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GOAT Brand Labs has finalized the acquisition of the remaining stake in Frangipani from its founders, Sunaina Patel and Mansi Kilachand. This acquisition follows the majority acquisition of Frangipani by GOAT Brand Labs in 2021, and it adheres to the terms outlined in the original agreement.

Sunaina Patel and Mansi Kilachand, the founders of Frangipani, expressed their thoughts on the acquisition as they exit the company: “As founders of this business, which was started as a brand for our own kids and has always been a labour of love for us, we are happy that the partnership with GBL has been successful. We hope that in GBL’s capable hands, the brand will achieve newer heights.”

Rishi Vasudev, CEO and Co-Founder of GOAT Brands Labs, commented on this development, acknowledging the significant role Sunaina and Mansi played in Frangipani’s growth over the past decade. With GOAT Brand Labs now in full control, they plan to leverage their direct-to-consumer (D2C) platform capabilities to drive the brand’s growth to the next level. Vasudev extended his best wishes to the founders and thanked them for their contributions in bringing the brand to this point.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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GOAT Brand Labs Completes 100% Acquisition of Frangipani

GOAT Brand Labs has finalized the acquisition of the remaining stake in Frangipani from its founders, Sunaina Patel and Mansi Kilachand. This acquisition follows the majority acquisition of Frangipani by GOAT Brand Labs in 2021, and it adheres to the terms outlined in the original agreement.

Sunaina Patel and Mansi Kilachand, the founders of Frangipani, expressed their thoughts on the acquisition as they exit the company: “As founders of this business, which was started as a brand for our own kids and has always been a labour of love for us, we are happy that the partnership with GBL has been successful. We hope that in GBL’s capable hands, the brand will achieve newer heights.”

Rishi Vasudev, CEO and Co-Founder of GOAT Brands Labs, commented on this development, acknowledging the significant role Sunaina and Mansi played in Frangipani’s growth over the past decade. With GOAT Brand Labs now in full control, they plan to leverage their direct-to-consumer (D2C) platform capabilities to drive the brand’s growth to the next level. Vasudev extended his best wishes to the founders and thanked them for their contributions in bringing the brand to this point.

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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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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