[Funding Alert] Gobbly Raises Pre Series A Round Worth Rs 7.2 crore
Gobbly, pioneers of automated retail in apartments through self-checkout stores, has raised Pre Series A funding worth Rs 7.2 crore, led by Anicut Angel Fund and Sauce.VC.
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) also participated in the round.
The firm will use the funds to give a fillip to its vision of making buying a safer experience for people in a post-Covid world.
The fresh funds will be focused on strengthening the company’s position as one of the fastest-growing retail tech start-ups in India. It will further allow the company to use the capital for technology, business development, product innovation and development, and expansion.
Founded by Amit Ahuja and Ankur Aggarwal, who are veterans in the on-site, on-demand retail space, Gobbly is a contactless retail store filled with farm-fresh fruits and veggies, and dairy products placed in societies. The duo realized that a 24x7, unmanned, and completely digital form of retail is the way to scale, powered by captive spaces such as residential and gated communities.
Leveraging data to optimize the supply chain, Gobbly has built-in features for easy scaling, as well as a legacy of multiple tech innovations that have led to huge cost reduction.
Amit Ahuja, Co-founder, 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.”
Ankur Agarwal, Co-founder, Gobbly, added, “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.”
With a rapidly-growing urban audience looking at newer and easier ways to buy what they need, without intrusions into their fast life, Gobbly has entered the market at the right time, doing the right thing and now, backed by the right set of partners.