VC Fund Investments
B2B building material supplier GlobalFair raises $20-M
Gurugram-based GlobalFair, a B2B building material supplier, has raised USD 20 million in a Series A funding round led by Lightspeed Ventures, with existing investors India Quotient and Saama Capital participating. The startup, founded by IIT alumni Shaily Garg and Ashish Chandra in 2020, has operations in 36 of the 50 states in the US and supplies building material for projects across India and Vietnam. It has manufacturing bases in India and Vietnam. The company would use the funding to strengthen its cross-border supply chain.
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