India's GlobalBees raises $150 million to build Thrasio-like house of brands
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GlobalBees
FirstCry
Lightspeed Venture Partners
Edelweiss Financial
FirstCry, GlobalBees
Amazon
Flipkart
TechCrunch
country.“We
D2C
Mensa Brands
Myntra
UpScale
Razor Group
SoftBank Investment Advisers
Agnihotri
Chiratae Ventures
Chrys Capital
People
Thrasio
Nitin Agarwal
Supam Maheshwari
Harsha Kumar
Vikas Agnihotri
Atul Gupta
Premji Invest
Sudhir Sethi
Kshitij Sheth
Groups
Indian
South Asian
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India
New Delhi
Thrasio
Germany
New York
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Summary
Even with a $75 million equity raise, Monday’s announcement makes GlobalBees’ round the largest Series A funding in India.Founded by Nitin Agarwal, formerly of Edelweiss Financial, and Supam Maheshwari, a founder of FirstCry, GlobalBees acquires and partners with digitally native brands across categories such as beauty, personal care, home and kitchen, food and nutrition, and sports and lifestyle with a revenue rate of $1 million to $20 million.New Delhi-based startup then helps these firms scale and sell to marketplaces (such as Amazon and Flipkart) and through other channels in India and outside the South Asian market, Agarwal told TechCrunch in an interview.
As said here by Manish Singh