Geniemode, an apparel sourcing and supply chain platform, has raised over $50 million in a Series C funding round led by Multiples Alternate Asset Management. Fundamentum, Paramark Ventures, and current investor Info Edge Ventures also participated.
According to the company, the investment will support its worldwide growth and improve its technology-driven supply chain solutions.
"We have built a successful company while guaranteeing expansion." Tanuj Gangwani, co-founder and CFO of Geniemode, stated, "We are ending FY 2025 at $140 million+ GMV with a positive EBITDA run-rate of over $2 million. With this round, we plan to expand to new regions and go public in the upcoming years."
According to Sridhar Sankararaman, MD of Multiples Alternate Asset Management, global macrotrends are reshaping the apparel sourcing landscape and driving supply chain rebalancing. "Our investment in Geniemode is part of our active strategy to back leading new-age businesses that are disrupting large markets using technology. The company's asset-light, technology-driven approach enables its customers to optimise their sourcing strategies across Asia."
Geniemode, which operates in markets such as New York, London, and Barcelona, said it wants to strengthen its position as a sourcing partner for major retailers.
"This investment accelerates our mission to create the most efficient, transparent, and scalable sourcing ecosystem possible, providing brands with AI-powered design capabilities, speed, flexibility, and responsible sourcing solutions. We are committed to be the go-to global sourcing partner, driving innovation, sustainability, and unlocking new growth opportunities for our partners worldwide," said Amit Sharma, co-founder and CEO of Geniemode.
