Private Equity

PE Fund Investments

B2B cross-border e-commerce co. Geniemode raises $50-M led by Multiples

Entrackr   Geniemode   Geniemode  

Gurugram-based B2B (business-to-business) cross-border e-commerce startup Geniemode has raised over USD 50 million in its Series C round, led by Multiples Alternate Asset Management. The round also saw participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.The new funds will be used for global expansion, to enhance supply chain solutions and to enter new markets and territories, strengthening its position as a global sourcing partner for large brands and retailers.Founded in 2021 by Amit Sharma and Tanuj Gangwani, Geniemode offers online platform solutions for buyers in furniture, home textiles, apparel, and accessories and claims to operate in over 10 countries with more than 200 global buyers and suppliers.

Between July 2021 and May 2022, Geniemode had raised about USD 37.25 M from Info Edge, Tiger Global and others.For FY24, Geniemode had reported about INR 564 Cr in Operating Income and about INR 78 Cr in Net Loss.