Geniemode Raises over $50Mn in Series C funding Round

Geniemode, a design-led apparel sourcing platform, has raised over $50 million in a Series C funding round led by Multiples Alternate Asset Management Pvt Ltd, Fundamentum, Paramark Ventures and Info Edge ventures.

The company will use the investment to grow internationally, improve its tech-based supply chain, and enter new markets. It plans to use technology, AI-driven design, and a flexible, sustainable supply chain to help brands and retailers stay competitive.

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Amit Sharma, Co-founder and CEO of Geniemode, said, "This investment accelerates our mission to build the most efficient, transparent, and scalable sourcing ecosystem, empowering brands with AI-powered design capabilities, speed, flexibility, and responsible sourcing solutions. We are committed to being the go-to global sourcing partner, driving innovation, and sustainability, and unlocking new growth opportunities for our partners worldwide."

"Global macro trends are reshaping the apparel sourcing landscape, driving a rebalancing of supply chains. Our investment in Geniemode is part of our active strategy to back leading new-age businesses that are disrupting large markets using technology," Sridhar Sankararaman, MD of Multiples Alternate Asset Management, said.

About Geniemode 

Founded in 2021 by Amit Sharma and Tanuj Gangwani, Geniemode is a B2B e-commerce startup that helps buyers in furniture, home textiles, apparel, and accessories find the right suppliers. It simplifies the process from sample development to shipping.

The company operates in over 10 countries, connecting 200+ global buyers and suppliers. With offices in New York, London, Barcelona, China, Bangladesh, and India, Geniemode makes it easier for brands to source products worldwide.

The company stated that it has built a profitable business while continuing to grow. It is ending FY25 with a GMV of $140 million (around Rs 1,200 crore) and a positive EBITDA run rate of over $2 million (Rs 17 crore).

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