Breaking
SERIES C: $50M+ raised, led by Multiples & Fundamentum (Feb 2025) Valuation ~ $212M post-money FY2025 GMV $140M+ with positive EBITDA 100+ global retailers · 200+ vetted suppliers Buyers include Mango, TJ Maxx, Next, Liverpool Backed by Tiger Global & Info Edge Ventures SERIES C: $50M+ raised, led by Multiples & Fundamentum (Feb 2025) Valuation ~ $212M post-money FY2025 GMV $140M+ with positive EBITDA 100+ global retailers · 200+ vetted suppliers Buyers include Mango, TJ Maxx, Next, Liverpool Backed by Tiger Global & Info Edge Ventures
Company Profile B2B Sourcing Est. 2021 · Gurugram

Geniemode.

The cross-border sourcing platform that connects the world's retailers to vetted manufacturers - and runs the whole supply chain in between.

$87M+
Total Raised
$140M+
FY25 GMV
240
Employees
200+
Vetted Suppliers
Geniemode logo
Geniemode's wordmark - a portmanteau of "genie" and "mode" (fashion). The Gurugram company keeps no consumer inventory; it is pure B2B supply-chain plumbing.
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The Dispatch

From a rolodex to a platform

For decades, sourcing a season's worth of dresses or dinner tables meant working a rolodex - agents, buying houses, and middlemen scattered across factory towns, each guarding their margins and their contacts. Prices were opaque, samples were slow, and a mistake could cost a retailer a whole selling season. Geniemode, founded in Gurugram in 2021, set out to replace that rolodex with software.

The company is a business-to-business, cross-border sourcing and supply-chain platform. It connects global retailers and brands with a vetted network of manufacturers across four categories: apparel, home textiles, furniture, and accessories. Rather than simply making introductions, Geniemode manages the full procurement cycle - sample development, manufacturing, quality control, compliance, inventory, payments, logistics, and final delivery.

The pitch to a buyer is straightforward: place an order and watch cost transparency at every step, with smaller minimum-order quantities and faster turnaround than the traditional agent model allows. The pitch to a manufacturer is equally plain: reliable orders from creditworthy global brands, with the paperwork and logistics handled.

That two-sided value showed up early. Geniemode billed roughly $320,000 in revenue within two months of launching in May 2021 - a signal that buyers were hungry for a cleaner way to source. The founders knew the terrain. Amit Sharma, co-founder and CEO, and Tanuj Gangwani spent two decades inside India's ecommerce industry at companies including Limeroad, Fabfurnish, and FashionandYou. They had lived the messy backend of fashion retail and decided to build the layer underneath it.

"Our mission is to build the most efficient, transparent, and scalable sourcing ecosystem, empowering brands with AI-powered design capabilities, speed, flexibility, and responsible sourcing solutions." Amit Sharma - Co-Founder & CEO
2021
Founded, Gurugram
4
Funding Rounds
~$212M
Series C Valuation
100+
Global Retailers
2
Founders
The Buyers

Who sources through Geniemode

Geniemode's customers are global retailers and brands - the merchandisers placing multi-country orders across apparel, home, and hardgoods. Reported buyers span fast-fashion chains, off-price giants, and regional department stores, alongside smaller mom-and-pop stores in the US that value small MOQs.

Mango Desigual Lefties Next (UK) TJ Maxx TK Maxx Liverpool (Mexico) Amazon
The Product

What Geniemode actually does

2021

Sourcing Platform

Connects global buyers with a vetted supplier network across apparel, home textiles, furniture, and accessories - with cost transparency and small MOQs.

2021

End-to-End Supply Chain

Runs the full procurement cycle: sample development, manufacturing, quality control, compliance, inventory, payments, logistics, and delivery.

2024

AI-Powered Design

AI-driven design and product-development tools that shorten the concept-to-sample loop for brands.

2022

Sustainable Sourcing

Traceability, compliance, and ethical sourcing practices built into the workflow rather than bolted on.

The Money

A funding ramp in four moves

Seed · 2021
$2.3M
Series A · 2022
$7M
Series B · 2022
$28M
Series C · 2025
$50M+

Investors include Multiples Alternate Asset Management and Fundamentum (Series C lead), Tiger Global (Series B lead), Paramark Ventures, and repeat backer Info Edge Ventures, which participated across multiple rounds. The 2025 Series C put the company's post-money valuation at roughly $212M.

The Edge

How it differs from the old model

The incumbents in global sourcing are trading houses and buying agents - think Li & Fung and thousands of smaller intermediaries - plus a newer wave of platforms such as Fashinza and Showroom B2B. Geniemode's argument is that it collapses the fragmented agent chain into a single, technology-run service where the buyer sees cost at every step.

Two features stand out. First, small minimum-order quantities open sourcing to mid-market and boutique buyers who could never meet a factory's usual thresholds. Second, the platform pairs sourcing with integrated logistics, compliance, and payments, so a buyer is not stitching together five vendors to move one order across borders.

There is also a financial signal that is unusual for a startup at this stage: Geniemode reported closing FY2025 at $140M+ in gross merchandise value with a positive EBITDA run-rate of more than $2M. Growth and profitability at the same time is rare, and it reflects a model that charges for the sourcing service itself rather than subsidizing transactions to buy volume.

The company positions itself as sourcing infrastructure for the lifestyle-goods economy - the plumbing beneath retail shelves in the US, UK, Europe, and Latin America, sourced largely from India and Bangladesh.

"The Geniemode platform is poised to transform global sourcing and supply chain for lifestyle goods by streamlining and providing cost transparency at every step in the design, manufacturing and delivery process." Griffin Schroeder - Partner, Tiger Global
The Record

Milestones

2021

Founded in Gurugram

Amit Sharma and Tanuj Gangwani launch the B2B sourcing platform, billing $320K within two months.

2021

Seed round

Raised $2.3M from Info Edge Ventures to build the platform and supplier network.

2022

Series A

Closed a $7M round led by Info Edge Ventures in January.

2022

Series B led by Tiger Global

Raised $28M in April at a reported ~$160M valuation to expand categories and geographies.

2025

Series C led by Multiples & Fundamentum

Raised $50M+ in February at a ~$212M valuation for global expansion and supply-chain tech.

Questions

Frequently asked

What does Geniemode do?

It's a B2B cross-border sourcing and supply-chain platform connecting global retailers with vetted manufacturers across apparel, home textiles, furniture, and accessories - managing the full procurement cycle from sample to delivery.

Who founded Geniemode and when?

It was founded in 2021 by Amit Sharma (Co-Founder & CEO) and Tanuj Gangwani, both veterans of India's ecommerce industry.

How much funding has it raised?

Over $87M total across seed, Series A ($7M), Series B ($28M, Tiger Global), and Series C ($50M+, Multiples and Fundamentum in 2025).

Who are its customers?

Global retailers and brands such as Mango, Desigual, Lefties, Next (UK), TJ Maxx/TK Maxx, and Liverpool (Mexico), across a network of 100+ retailers and 200+ suppliers.

Where is Geniemode based?

It is headquartered in Gurugram, Haryana, India, and sources primarily from India and Bangladesh for buyers worldwide.

Find Geniemode

Links & sources

Video interviews & product demos: search "Geniemode Amit Sharma" on YouTube for founder interviews and platform walkthroughs.