Geniemode Raises $28 Million In Series B Funding, Led By Tiger Global And Info Edge Ventures The fund will be used to penetrate into international markets and strengthen the company's supplier base

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Geniemode, a B2B cross-border tech platform, has raised $28 million in Series B funding led by Tiger Global and Info Edge Ventures. The fund raised will be utilised to penetrate into international markets and strengthen its supplier base across India and various locations.

"We are excited about the funding as we will be able to realize the next phase of our vision and multiply what is working for Geniemode. United States will be one of our key territories in the coming year and we will completely streamline our on-shore operations to solve the supply chain issues faces by retailers and suppliers," said Amit Sharma, co-founder and CEO, Geniemode.

Within less than a year of inception, Geniemode is working with more than 150 manufacturers. They have also been able to onboard many new buyers from geographies such as US, UK, Europe, Australia and aims to achieve $200 million annual growth rate by the end of FY23, claimed the company in a statement.

"Geniemode platform is poised to transform the global sourcing and supply chain for lifestyle goods by streamlining and providing cost transparency at every step in the design, manufacturing and delivery process," said Griffin Schroeder, partner at Tiger Global Management.

Founded in 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel and accessories. It has created a tech platform for buyers with end-to-end transparency cost, quality assurance and complete order management. By leveraging AI and big data, the platform offers an insightful and hyper-efficient way for companies to work with the right suppliers.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Walter Elias Disney

Uncle Walt

Fundraising

These 30 International Entrepreneurs Really Are Solving the World's Problems

The world has countless problems, unless you're an entrepreneur, in which case the world has countless opportunities.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.