Debt Debt financing
E-commerce rollup startup GlobalBees raises $17-M from Avendus
Source Inc42 (opens in a new tab)
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.