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Gurugram-based retail technology startup Gobbly has raised Rs 7.2 crore in a pre-Series A round led by Anicut Angel Fund and Sauce.VC.
The funding round also saw participation from Agility Ventures and other notable angels like Kunal Shah (Cred), Anupam Mittal (People Group), Jitendra Bhandari (Nic Naturals), Sameer Chugh (Mosambee), and Mihir Agarwal (Ex PE professional and Entrepreneur).
Dexter Capital Advisors have been served as Gobbly's sole financial advisor for the financing round.
Gobbly will utilize the raised capital to boost its position as one of India's fastest-growing retail digital startups, according to the statement. Additionally, The startup will also invest in technology, business development, product innovation, and development.
Commenting on the development, Ankur Agarwal, Co-founder of Gobbly dovetailed this, “With this funding, we are now excited to tap the retail opportunity present inside residential apartments. These places are a hub of tech-savvy millennials with high purchasing power creating social communities in their own right, providing a perfect platform for Gobbly.”
Self-checkout businesses are also being implemented in captive environments such as residential and gated communities. Commenting on this, Amit Ahuja, Co-founder of Gobbly said, “We are combining the convenience of online shopping with the instant gratification of real-world retail. Marry that to our strategy of maximizing captive spaces on the back of our indigenously developed tech stack and we get an unfair edge over our competition while catering to a huge commerce opportunity in apartments.”
Gobbly is a contactless retail store packed with farm-fresh fruits and vegetables, as well as dairy products placed in societies. Founded by Amit Ahuja and Ankur Aggarwal, the team realized that a 24-hour, unmanned, and entirely digital version of retail, fueled by captive locations like residential and gated communities, was the way to go.
It claims to have earned high traction in terms of early engagement and retention and materialized key partnerships to expand, boost revenue, and profitability.
The startup which uses data to optimize the supply chain has built-in capabilities for simple scaling and a history of several tech advances that have resulted in significant cost savings.
“Self-checkout technology is the future of retail, and Gobbly’s homemade tech is enabling consumers instantaneous gratification 24*7 in the most concentrated and captive affluent customer bases – societies and offices. A very large opportunity that no delivery-based e-commerce player has been able to tap into yet,” according to Manu Chandra, Managing Partner, Sauce. VC.
Prior to the current round, Gobbly had raised $500K in a seed funding round in July 2020, led by Sauce.VC.
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