Online retail store Gobbly raises Rs 7.2 crore in angel fundraising round
Gobbly, an online fruit, vegetable and dairy store, has raised Rs 7.2 crore in funding for technology and business development, the company said on Tuesday.
The Angel Funding Pre-Series A was led by Anicut Angel Fund and Sauce.VC. Agility companies. Investors Kunal Shah (Cred), Anupam Mittal (People Group), Jitendra Bhandari (Nic Naturals), Sameer Chugh (Mosambee) and Mihir Agarwal, an entrepreneur, also participated in the round.
The company said it will use the funding to strengthen its position as one of the fastest growing retail tech startups in India. Gobbly is a contactless retail store that places its products in private companies.
âWe combine the convenience of online shopping with the instant gratification of real-world retail. Couple that with our strategy of maximizing captive spaces at the back of our locally developed technology stack and we gain an unfair advantage over our competition while meeting a huge business opportunity in apartments, âsaid Amit Ahuja, co-founder by Gobbly.
âWith this funding, we are now excited to exploit the retail opportunity present inside residential apartments. These places are a hub of tech-savvy millennials with high purchasing power creating full-fledged social communities, providing a perfect platform for Gobbly, âsaid Ankur Agarwal, co-founder of Gobbly.
Manu Chandra, Managing Partner, Sauce.VC, said, âSelf-checkout technology is the future of retail, and Gobbly’s in-house technology allows consumers 24/7 instant gratification. in the most concentrated and captive affluent customer bases – corporations and offices.
Investment bank Dexter Capital was Gobbly’s exclusive financial advisor for the investment round.