Home / Knowledge / News / Apparel/Garments / Goat merges with Flight Club
Goat merges with Flight Club
15
Feb '18
Goat merges with Flight Club
Goat, the leading digital sneaker marketplace, has merged with sneaker consignment pioneer Flight Club, leading to the largest sneaker marketplace. The merger brings together two leading brands in the sneaker space that together, will deliver unparalleled mobile, web and retail shopping experiences. The two will continue to operate as independent brands.

Goat will continue to focus on mobile and web listings, and utilise its best-in-class technology platform across the combined companies, while Flight Club will continue its focus on global retail and e-commerce consignment.

"As the first company to focus on reselling rare sneakers, Flight Club revolutionised sneaker retail and paved the way for what is now a two billion dollar resale industry," said Eddy Lu, co-founder and CEO of Goat. "The merger of Flight Club and Goat, together with $60 million in new funding, will allow us to significantly scale our online and retail operations to meet customer demand both domestically and internationally."

"Aligning with Goat's world-class technology and mobile listings platform is the logical evolution of our business. The complementary strengths of the two companies puts us in the best position to go after the entire market rather than compete for pieces of it," said Damany Weir, co-founder and president of Flight Club.

Along with the merger, Goat and Flight Club announced a new funding round of $60 million led by Index Ventures. Other participants include existing Goat investors Accel, Matrix Partners, Upfront Ventures and Webb Investment Network. This most recent round brings Goat's total funding to $97.6 million. Index Ventures' Danny Rimer and Flight Club's Damany Weir will join Goat's board of directors.

"With more than 15 million monthly site visits and 7 million members combined, Goat and Flight Club have quickly evolved from pioneers in the sneaker space to industry leaders, with the potential to fundamentally change the way everyone shops for sneakers," said Danny Rimer, partner at Index Ventures. "We're truly impressed by the rapid growth that Goat and Flight Club have achieved, and look forward to helping them accelerate even further." (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search