India’s GlobalBees raises $150 million to build Thrasio-like house of brands

India’s GlobalBees raises $150 million to build Thrasio-like house of brands

4 years ago
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https://techcrunch.com/2021/07/19/india-globalbees-raises-150-million-to-build-thrasio-like-house-of-brands/

The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry.

Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity and $75 million in debt. Even with a $75 million equity raise, Monday’s announcement makes GlobalBees’ round the largest Series A funding in India.

India’s GlobalBees raises $150 million to build Thrasio-like house of brands

Jul 19, 2021, 10:19am UTC
https://techcrunch.com/2021/07/19/india-globalbees-raises-150-million-to-build-thrasio-like-house-of-brands/ > The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. > Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity and $75 million in debt. Even with a $75 million equity raise, Monday’s announcement makes GlobalBees’ round the largest Series A funding in India.