Debt financing
E-commerce rollup startup GlobalBees raises $17-M from Avendus
Softbank-backed, New Delhi-headquartered e-commerce rollup startup GlobalBees has raised INR 140 crore (USD 17 million) in a debt funding round from Avendus. The startup would use the fresh funds for its working capital needs.GlobalBees reported a gross revenue of INR 550 crore in Q3 FY24, with an EBITDA margin of 5% excluding the ESOP expenses.
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