Geniemode: B2B sourcing startup Geniemode raises $50 million in round led by Multiples

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Geniemode, a business-to-business (B2B) cross-border sourcing and supply chain startup, has raised $50 million in a Series C funding round led by Multiples Alternate Asset Management.The round, largely a primary fundraise with a small secondary component, also saw participation from Nandan Nilekani’s venture capital firm Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.

“We intend to use this funding mostly for expansion in new geographies and some inorganic expansion that we plan,” Tanuj Gangwani, cofounder of Geniemode told…



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Geniemode: B2B sourcing startup Geniemode raises $50 million in round led by Multiples


Geniemode, a business-to-business (B2B) cross-border sourcing and supply chain startup, has raised $50 million in a Series C funding round led by Multiples Alternate Asset Management.The round, largely a primary fundraise with a small secondary component, also saw participation from Nandan Nilekani’s venture capital firm Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.

“We intend to use this funding mostly for expansion in new geographies and some inorganic expansion that we plan,” Tanuj Gangwani, cofounder of Geniemode told…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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