IndusLaw advised GOAT Brand Labs on a mix of equity and debt investment from Blackrock, Mayfield, NB Ventures, and others.
The investment, aggregates to USD 21 million, will be utilized to expand existing brands, including Chumbak, Pepe Jeans, and The Label Life.
The IndusLaw team consisted of Partner Mayukh Datta, Senior Associate K M AMAR, and Associate Aparimita Choudhary. The debt investment team included Partner Pritha Chatterjee and Principal Associate Neeati N.
BlackRock, Mayfield, NB Ventures, and other investors contributed funds, while some existing investors like Flipkart’s venture arm opted out. Founder Rishi Vasudev highlighted successful growth with profitability. Mensa Brands and GlobalBees adjusted their strategies. The national consolidation sector encountered difficulties, evidenced by Thrasio’s divestment of Lifelong India. Trase was repurchased by its cofounders from Upscalio.
AZB & Partners Advises General Catalyst on Indian Aspects of Venture Highway Acquisition
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