Total amount raised
$87.2 Millions
Latest funding date
Location
Geniemode has successfully raised funding over multiple rounds, with its latest being a Series C. The platform specializes in connecting global buyers with suppliers in the apparel and supply chain sectors.
Keep reading to explore the intricacies of Geniemode's fundraising journey and the investors backing this innovative platform.
What Is Geniemode?
Geniemode, founded in March 2021 by Amit Sharma and Tanuj Gangwani, is based in Gurgaon, Haryana, India. The company specializes in connecting global buyers with suppliers in the apparel, furniture, and home textile industries.
With a focus on technology, Geniemode offers a B2B cross-border sourcing and supply chain platform that promotes smart, transparent, and sustainable business practices. The platform also provides in-house design and sampling services to aid product development and customization.
Currently, Geniemode employs between 101 and 250 people, making it a significant player in the global sourcing market.
How Much Funding Has Geniemode Raised?
- Seed Round
- Amount Raised: $2.3M
- Date: September 2021
- Lead Investors: Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial operations and develop the platform.
- Series A
- Amount Raised: $7M
- Date: January 2022
- Lead Investors: Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: ₹2.1B (approximately $28M)
- Date: April 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: $175M
- Motivation Behind the Round: To expand market reach and scale operations.
- Series B (Additional)
- Amount Raised: $431K
- Date: June 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational needs.
- Series C
- Amount Raised: $50M
- Date: February 2025
- Lead Investors: Multiples
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive global expansion and enhance supply chain operations.
Total Amount Raised: $87.731M. Current Valuation: Not publicly disclosed.
Key Investors
- Multiples Alternate Asset Management
- Details: A leading private equity firm in India, Multiples focuses on investing in high-growth companies. They have a strong track record of backing businesses that disrupt large markets using technology.
- Investment Focus Areas: Financial services, healthcare, consumer products.
- Notable Investments: PVR Cinemas, Delhivery, Dream11.
- Fundamentum
- Details: Co-founded by Nandan Nilekani, Fundamentum is a venture capital firm that focuses on scaling up mid-stage technology companies. They aim to digitize fragmented industries, particularly in the apparel sector.
- Investment Focus Areas: Technology-driven businesses.
- Notable Investments: PharmEasy, Spinny, ShopX.
- Paramark Ventures
- Details: A venture capital firm that invests in early to mid-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Info Edge Ventures
- Details: The investment arm of Info Edge, known for its online classifieds businesses. They have a strong presence in the technology and internet-based sectors.
- Investment Focus Areas: Technology and internet-based companies.
- Notable Investments: Zomato, PolicyBazaar, Naukri.com.
- Tiger Global Management
- Details: A global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Geniemode?
Geniemode is poised for significant growth, leveraging its recent $50 million Series C funding to expand globally and enhance its supply chain operations. The company aims to enter new markets, utilizing AI-driven design capabilities and sustainable sourcing solutions to attract international retailers and brands. With a presence in multiple countries and a network of over 250 suppliers, the opportunities for Geniemode are vast.
Future fundraising seems likely as Geniemode continues to scale, potentially pursuing an IPO to support its ambitious goals. However, the company will need to navigate the complexities of global expansion, maintain supply chain efficiency, and adapt to varying market regulations. Balancing these challenges with their growth strategy will be crucial for sustained success.
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