GlobalFair Raises $20M in Series A Funding







GlobalFair, a Bangalore, India-based supplier of a generation for fabrics within the cross-border area, raised $20M in Sequence A investment.

globalfair

The spherical was once led via Lightspeed with participation from Saama Capital, India Quotient, AUM Ventures and Stride Ventures.

The corporate intends to make use of the finances to boost up expansion, scale the industry with plans to make bigger the present 110 member staff unfold throughout the United States, Vietnam and India, and construct new merchandise.

Led via CEO Shaily Garg, GlobalFair supplies a tech resolution for the control of the worldwide provide chain of establishing fabrics. The generation lets in shoppers to begin interacting with their platform throughout all levels of the standard procedure, from development price estimates the usage of architectural plans and store drawings to actual time GPS enabled monitoring of ultimate supply of the fabrics as in keeping with set up schedules on activity websites. Within the closing 18 months, the corporate has grown over 300% Y-o-Y with 93% repeats and expanded throughout 36 states in the United States, supplying to small ($10M-50$M) and massive initiatives ($100M-$500M) from the India and Vietnam provide markets.

FinSMEs

20/10/2022






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