Tiger Global-backed B2B sourcing platform Geniemode has raised over $50 million in a Series C funding round led by Multiples Alternate Asset Management. The round also included a secondary component and saw participation from Nandan Nilekani’s Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.
This funding comes nearly two and a half years after Geniemode secured $28 million in a Series B round led by Tiger Global, which had valued the company at $175 million, according to data from Traxcn.
The newly raised capital will be used to drive global expansion, enhance supply chain capabilities, and enter new markets, the company announced on February 24.
Amit Sharma, co-founder & CEO of Geniemode, said, “This investment accelerates our mission to build the most efficient, transparent, and scalable sourcing ecosystem, empowering brands with AI-powered design capabilities, speed, flexibility, and responsible sourcing solutions.”
Founded by Amit Sharma and Tanuj Gangwani, Gurugram-based Geniemode provides an AI-powered, asset-light sourcing platform for retailers. It connects buyers and manufacturers across industries such as furniture, home textiles, apparel, and accessories, streamlining the entire supply chain from design to delivery.
Operating across multiple regions, including the US, UK, Europe, China, Bangladesh, and India, Geniemode offers an efficient sourcing solution. The company’s website highlights its extensive network of over 250 suppliers and more than 100 buyers across 16 countries.
The founders anticipate closing FY25 with a gross merchandise value (GMV) exceeding $140 million and a positive EBITDA run rate of over $2 million.
Tanuj Gangwani, Co-founder & CFO, said, “With this round, we intend to scale to new geographies and take the company public in the coming years.”
Fundamentum’s Co-founder and General Partner Ashish Kumar highlighted Geniemode’s role in digitizing the fragmented apparel industry, while Info Edge Ventures’ Partner Kitty Agarwal described it as a ‘clear market leader’ in the B2B cross-border fashion segment. The fresh investment is expected to support the company’s inorganic growth strategy.
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