Geniemode, a Gurugram-based B2B cross-border ecommerce startup, has raised around $28 million in its Series B round led by Tiger Global, an American investment firm. 

First reported by Entrackr, this is the second round for the Gurugram-based company in 2022. Earlier in January 2022, Geniemode had raised $7 million in a Series A funding round led by Info Edge Ventures, the investment arm of Info Edge.

Geniemode | Transforming Global Sourcing

Founded by Amit Prakash Sharma and Tanuj Gangwani, GenieMode is building an extensive online platform solution for global buyers ranging from mom & pop stores to global giant retailers.

The B2B startup is transforming global sourcing for retailers & brands in the furniture, hard goods & fashion industry using technology, allowing global buyers to source reliably from suppliers in India and Southeast Asia.

GenieMode claims to work with more than a hundred suppliers from India, Bangladesh, Pakistan and Sri Lanka. The B2B startup recently entered the United States and the United Kingdom to cater to incoming demand.

In its Series A funding round, which the startup raised in January 2022, Tanuj Gangwani had stated that Geniemode is on track to hit $100 million in annualised topline in the next twelve months.

Apart from institutional backers, the Gurugram-based B2B startup is also backed by prominent angel investors, such as Kunal Shah, Deepinder Goyal, Prashant Malik and Pankaj Gupta.

Over the years, the American investment firm Tiger Global has invested in some of the country’s largest ecommerce startups. The firm holds equity in multiple Indian B2B ecommerce unicorns like Infra.Market, Moglix and OfBusiness.

Tiger Global has also invested in startups operating in the social commerce space, including Meesho and Dealshare, among others. 

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