Pet care D2C startup Goofy Tails has raised a seed funding of USD 500,000 led by BeyondSeed and The Chennai Angels, the company said in a press release.
“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,” commented Kartik Gupta, co-founder and CEO of the company.
According to the press release, the company plans to use the funds for R&D, portfolio expansion of its healthy pet foods and accessories, customer acquisition, team expansion, and bolstering its nationwide warehouse presence.
By the middle of the next year, the pet-care brand plans to expand its portfolio and expand into other South Asian and European markets.
“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 believe that Goofy Tails is well-positioned to be a market leader in the “nutrition-focused pet food” category,” said Kuldeep Mirani, co-founder & CEO, BeyondSeed Venture Solutions, Singapore on the investment in the startup.
Goofy Tails was founded in 2019 by co-founders Karan Gupta, Kartik Gupta, Kunal Gupta, and Ashish Kaushal, with its headquarters in New Delhi. Over 1.2 lakh customers, according to the company, were supplied through Amazon, its website, and other channels. Presently, it sells products for grooming, interactive toys, and fresh and healthy food.