Goofy Tails Raises $500,000 In Seed Funding The fund raised will be used for extensive research, feedback, and new product development to expand the pet food and treats category

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Home-grown nutrition-focused pet care D2C company Goofy Tails has raised $500,000 in Seed funding round led by BeyondSeed, a Singapore-based investor group, and The Chennai Angels, along with the participation from other overseas angel investors. The fund raised will be used for extensive research, feedback, and new product development to expand the pet food and treats category and also to expand the company's portfolio of healthy pet foods and pet accessories.

"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," said Kartik Gupta, co-founder and CEO, Goofy Tails.

The company has seen 200 per cent growth across all categories of its product line and has served over 1.2 lakh customers across Amazon, its own website, and other channels. The current Goofy Tails pet care product range consists of fresh and healthy food, interactive toys, accessories, and grooming products. Goofy Tails plans to enter other South Asian and European markets by the middle of next year, claimed by the company in a statement.

"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. The Goofy Tails team is passionate and hyper-focused on offering high-quality, vet-approved, nutritious pet food that improves the overall health of pets, a welcome change for all concerned pet parents. 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 and CEO of BeyondSeed Venture Solutions, Singapore.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Living

Don't Miss This Sam's Club Membership Deal for Just $20

Your last chance for a great deal on a membership that helps you save money all year long.

Devices

This $126 Apple- and Android-Compatible Display Can Help You Drive Safer

Adding this display will elevate your older model car for an affordable price.

Growing a Business

Serial Entrepreneur Turned VC Reveals 4 Numbers You Need to Know to Scale Your Company

If you're looking to attract investment or simply seeking to scale your business, there are four key numbers you should use as your guiding light.

Data & Recovery

This Cyber Week Exclusive Gets You 1TB of Cloud Storage for $120

If you're looking for a reliable cloud storage solution, look no further than Koofr.

Business News

A Judge Blocked a U.S. State's Attempt to Ban TikTok for All Residents — Here's Why

Montana residents would have faced $10,000 fines for using the app.

Thought Leaders

How to Maintain Profitability in a Changing Market

For lasting profitability, entrepreneurs should focus on contributing to consumer value. This applies to business-to-business too.