Goofy Tails to expand its portfolio of healthy pet foods, accessories; Raises USD 500,000 seed funding | The Financial Express
Summary
Pet care D2C company Goofy Tails has secured seed funding of USD $500,000 led by BeyondSeed, a Singapore-based investor group, and The Chennai Angels, with participation from other overseas angel investors. Goofy Tails plans to enter other South Asian and European markets by the middle of next year.Also Read | Goofy Tails expands its Make in India pet products rangeKartik Gupta- Co-Founder and CEO of Goofy Tails, said, We would like to thank our partners who have trusted us and helped us raise this amount. We will be using the funds to acquire customers for a lifetime, engage pet parents with good quality content, provide a seamless platform experience for shoppers, and expand our product development to solve challenges that Indian pet parents are facing. Goofy Tails aims to solve this problem with a complete and proprietary range of preservative-free food and treats.Speaking on the investment, Kuldeep Mirani, Co-founder & CEO of BeyondSeed Venture Solutions, Singapore said, We are very excited to be foraying into the pet category with our investment in Goofy Tails as we see huge potential and promise in this sector. We are extremely happy to take Goofy Tails on as a TCA portfolio company and are eager to see them grow and reach great heights in the coming years.Mumbai-based Pareto Capital, a consumer-focused and research-driven investment banking firm, acted as the financial and strategic advisor to the company.