Geniemode, an apparel sourcing and supply chain platform, has raised more than $50 million in a Series C funding round led by Multiples Alternate Asset Management. Other investors, including Fundamentum, Paramark Ventures, and Info Edge Ventures also participated in the funding round.
This investment will focus on the company’s global expansion and enhance its technology-driven supply chain solutions. The company, in an official statement, said it will use the funding amount to enter new markets and territories to strengthen its position as a global sourcing partner for large brands and retailers.
“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,” said Amit Sharma, cofounder & CEO, Geniemode.
He said the company is committed to being the go-to-global sourcing partner, driving innovation, sustainability, and unlocking new growth opportunities for our partners worldwide.
Geniemode CFO and cofounder Tanuj Gangwani said the company has created a profitable business while ensuring growth.
“We are closing FY 2025 at $140 million+ GMV with a positive EBITDA run-rate of over $2 million. We are excited to partner with Multiples, Fundamentum and Paramark and to leverage their deep expertise in scaling high-growth businesses. With this round, we intend to scale to new geographies and take the Company public in coming years," he added.
