How Much Did Geniemode Raise? Funding & Key Investors

Geniemode has successfully raised funding through 5 rounds, with notable investors including Paramark Ventures and Fundamentum. The platform specializes in apparel sourcing and supply chain management, connecting global buyers with suppliers.

Keep reading to explore the intricacies of Geniemode's fundraising journey and the investors backing this innovative platform.

What Is Geniemode?

Geniemode is an apparel sourcing and supply chain platform based in Gurgaon, Haryana, India. The company operates in multiple industries, including B2B, E-Commerce, Fashion, Furniture, and Supply Chain Management.

With a workforce of 101-250 employees, Geniemode connects global buyers with suppliers, aiming to streamline the supply chain process for apparel and related products. The company has successfully raised funding over several rounds, with notable investors such as Paramark Ventures and Fundamentum.

How Much Funding Has Geniemode Raised?

1. Seed Round
   • Amount Raised: USD 2,250,000
   • Date: September 2021
   • Lead Investors: Info Edge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and develop the initial platform for apparel sourcing and supply chain management.
2. Series A
   • Amount Raised: USD 7,000,000
   • Date: January 2022
   • Lead Investors: Info Edge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
3. Series B
   • Amount Raised: INR 2,105,000,000 (approx. USD 28,000,000)
   • Date: April 2022
   • Lead Investors: Tiger Global Management
   • Valuation at Round: USD 162,000,000
   • Motivation Behind the Round: To scale the business and enhance technology-driven supply chain solutions.
4. Series B
   • Amount Raised: USD 430,974
   • Date: June 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand market reach and develop product offerings.
5. Series C
   • Amount Raised: USD 50,000,000
   • Date: February 2025
   • Lead Investors: Multiples Alternate Asset Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fund global expansion, enhance supply chain operations, and enter new markets.

Total Amount Raised: USD 87,680,974

Current Valuation: Not publicly disclosed

Key Investors

• Multiples Alternate Asset Management
  • Details: Multiples Alternate Asset Management is a private equity firm that invests in high-growth companies. They focus on backing new-age businesses that disrupt large markets using technology.
  • Investment Focus Areas: Financial services, healthcare, consumer, technology.
  • Notable Investments: PVR Cinemas, Delhivery, Dream11.
• Tiger Global Management
  • Details: Tiger Global Management is a global investment firm that focuses on public and private companies. They have a strong presence in the internet, software, consumer, and financial technology sectors.
  • Investment Focus Areas: Internet, software, consumer, financial technology.
  • Notable Investments: Facebook, LinkedIn, Flipkart.
• Info Edge Ventures
  • Details: Info Edge Ventures is a venture capital firm that invests in early to mid-stage companies in India. They are known for supporting innovative startups with strong growth potential.
  • Investment Focus Areas: Technology, internet, e-commerce, education, real estate.
  • Notable Investments: Zomato, PolicyBazaar, Naukri.com.
• Fundamentum
  • Details: Fundamentum is a venture capital firm co-founded by Nandan Nilekani. They focus on scaling up mid-stage technology companies in India.
  • Investment Focus Areas: Technology, e-commerce, SaaS, consumer internet.
  • Notable Investments: PharmEasy, Spinny, TravelTriangle.
• Paramark Ventures
  • Details: Paramark Ventures is a venture capital firm that typically invests in early to mid-stage companies. They focus on sectors like technology, healthcare, and consumer goods.
  • Investment Focus Areas: Technology, healthcare, consumer goods.
  • Notable Investments: Not specified.

What's Next for Geniemode?

Geniemode is poised for significant growth, leveraging its recent $50 million Series C funding to expand globally and enhance its supply chain operations. The company aims to enter new markets, optimize sourcing with AI-driven design capabilities, and commit to sustainable practices. These opportunities are vast, with the potential to transform Geniemode into a leading global sourcing partner.

Future fundraising appears promising as Geniemode scales its operations and explores new territories. The company’s focus on technology and sustainability aligns with current industry trends, making it an attractive prospect for investors. However, challenges such as managing rapid expansion, integrating AI effectively, and navigating a competitive market will require strategic planning and execution.

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