B2B Ecommerce startup Geniemode raises $7 million in Series A round
- ByTejika Bajaj | January 5, 2022
The B2B e-commerce startup Geniemode has recently raised a sum of $7 million in its series A round of funding led by Info Edge Ventures. This development comes just a few months after this startup raised $2.25 million in its seed round of funding.
The company said in a statement that it intends to deploy the freshly infused capital to scale up its technological platform, expand its reach geographically as well as enhance its design capabilities while onboarding multiple buyers and vendors.
Expressing her views on the recent investment made in a new age startup, the Partner at Info Edge Ventures, Kitty Agarwal said, “They have been executing par excellence with amazing capital efficiency and have built a very high-quality leadership team. Cross border e-commerce is a very large market with significant tailwinds and Geniemode is rapidly capturing market share to take design-led manufacturing from the Indian subcontinent to the world.”
Incepted by Amit Prakash Sharma and Tanuj Gangwani, Geniemode is a tech driven startup which offers a digital portal thus providing B2B goods manufactured by small and medium enterprises to buyers who wish to source products from different manufactures in different countries. The customers can utilize the platform to interact with their suppliers and get personalised products manufactured from the same.
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