B2B sourcing platform Geniemode closes 2022 with $120 million in gross merchandise volume
- ByStartupStory | January 23, 2023
A B2B supply chain firm named Geniemode announced on Monday that it completed 2022 with an exit annualized gross merchandise value of $120 million.
The latest quarter saw the opening of two new brick-and-mortar offices in New York, demonstrating the company’s consistent yet accelerated expansion over the previous year. The business expanded its footprint in India by opening a new office in Tiruppur, Tamil Nadu, which currently handles more than 20% of the firm’s new business.
In the past 20 months, Geniemode has added more than 200 new customers from around the world and 300+ new suppliers from Bangladesh and India. The company says it currently has over 250 staff working in India, the US, the UK, Bangladesh, and Europe and that it has served over six million customers worldwide.
Geniemode has experienced monthly growth of over 15% since its launch in 2021, and it expects this growth pattern to continue in 2023.
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