Aggregators, Capital, eCommerce

GlobalBees Joins the Unicorn Club with $111.5 Million Funding

Globalbees partners with entrepreneurs who have built an online-first business. Their team scales up D2C businesses from across the globe. And we’ve got some exciting news to share from their end.

Founded by Nitin Agarwal in May 2010, formerly of Edelweiss Financial, and Supam Maheshwari, a founder of FirstCryGlobalBees 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.

So, what’s up next for them?

After raising one of the largest Series A financing rounds in India earlier this year, they’ve entered the unicorn club as the New Delhi-headquartered firm scales its Thrasio-like house of brands. They plan to invest in 100+ brands across verticals over the next three years, including fast-moving consumer goods (FMCG), sports, home organization, and lifestyle.

GlobalBees helps these firms scale and sell to marketplaces and through other channels in India and outside of the South Asian market.

We have created and engaged with brands in the past and realized that most of these brands reach a scale after which it becomes too difficult to scale them

Nitin Agarwal to TechCrunch

GlobalBees joins over 40 other India-based startups that have entered the unicorn club this year, up from 11 last year. Several high-profile investors, including SoftBank, Falcon Edge Capital, and Tiger Global have doubled down on their investments in the South Asian market in recent quarters.

Congrats to Nitin Agarwal and the entire GlobalBees team.

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