M&A M&A
GlobalBees acquires sustainable home care brand The Better Home
Source Inc42 (opens in a new tab)
Marking its first acquisition, "Thrasio-style" D2C brands focused GlobalBees has acquired New Delhi-based sustainable home care products company The Better Home. Launched in 2020, the target business is a D2C range of sustainable home-cleaning products promoted by The Better India.
Prior to this acquisition, GlobalBees had raised USD 150 million in a mix of equity and debt in a Series A led by its parent company FirstCry and the ecommerce Unicorn's investors. Lightspeed Venture Partners has also invested in GlobalBees in what is one of the largest Series A funding rounds in India.