April 29

Geniemode Raises $28 Million in Series B From Tiger Global, Info Edge Ventures

Gurugram-headquartered Geniemode, a B2B cross-border tech platform for lifestyle goods, has raised $28 million in a Series B funding round led by Tiger Global.

Existing investor, Info Edge Ventures, also doubled down in the round. The new round has come within just four months of the company closing its $7 million Series A fundraise led by Info Edge.

With this capital, the company is planning to penetrate deeper in key international markets. It also plans to strengthen its supplier base across India and Southeast Asia (SEA).

CEO and Co-founder Amit Sharma said,

“We are excited about this round of funding as we will be able to realise the next phase of our vision and multiply what’s working for Geniemode. We intend to increase global presence with new offices across the US, the UK and EU as we expand our sales and operations team. The United States will be one of our key territories in the coming year and we will completely streamline our on-shore operations to solve the supply chain issues faced by all kinds of retailers and suppliers. The funding will also help further strengthen our technology platform with new features and details.”

Photo courtesy of Hello Lightbulb.

Source: Your Story (link opens in a new window)

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