Gobbly raises Pre Series A of Rs 7.2 Cr led by Anicut Angel Fund and Sauce.VC

Automated retail tech startup Gobbly raises Pre Series A of Rs 7.2 Cr in angel funding round led by Anicut Angel Fund and Sauce.VC. The company will use the capital for technology, business development, product innovation and development, and expansion.

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.

“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," said Ankur Agarwal, Co-founder of Gobbly.

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.

"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," said Manu Chandra, Managing Partner, Sauce.VC.