Geniemode, a global B2B cross-border e-commerce company, has raised $7 million (approximately Rs 52 crore) in funding led by Info Edge Ventures. This new funding comes just four months after the company received a $2.25 million seed round.
According to the company, the new capital will be used to scale the company’s tech platform, expand geographically, increase its design capability, and expand the platform’s buyer and vendor base.
The company is a rapidly expanding B2B e-commerce startup, with buyers in the United States, Latin America, the United Kingdom, the European Union, and Australia interested in its products.
“The buyers range from small independent retailers to large retail chains in these countries. To cater to this demand, the company is working with more than a hundred suppliers from India, Bangladesh, Pakistan and Sri Lanka,” it added.
Geniemode has raised $7 million in series A funding round from Info Edge Ventures, the statement said.
Talking about the new investment, Amit Sharma, CEO and Co-Founder, Geniemode said, “We are very excited to have Info Edge Ventures double down on their conviction in us in quick succession.”
“We’ll utilise the fresh capital to bolster tech and product development, accelerate expansion in existing markets and enter new markets,” he added.
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