PE Fund Investments
Logistics tech startup Geniemode raises $28-M Series B round led by Tiger Global
Gurgaon-based cross-border logistics software provider Geniemode has raised INR 210.53 crore (about USD 28 million) in its Series B round led by Tiger Global. Geniemode has issued 3669 Series B CCCPS at INR 573,818 per share, with Tiger Global investing INR 152 crore (about USD 20 million) and existing investor Info Edge Ventures contributing INR 58.52 crore (about USD 8 million). Post the latest deal, Info Edge has 28.37% holding in the company, while Tiger Global holds a 12.68% stake.
From the Venture Intelligence PE-VC Deal Database: Info Edge Ventures had invested INR 52.28 Cr in the Series A funding in Geniemode in Jan-2022. In Sep-2021, it had provided INR 16.40 Cr in seed funding.
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