Geniemode, a sourcing and supply chain platform specializing in apparel, has secured over $50 million in a Series C funding round. The round was led by Multiples Alternate Asset Management, with additional backing from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures, per a company press release.
“We have 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,” said Tanuj Gangwani, co-founder and CFO of Geniemode. “With this round, we intend to scale to new geographies and take the company public in coming years.”
According to Sridhar Sankararaman, MD, Multiples Alternate Asset Management, global macro trends are reshaping the apparel sourcing landscape and driving a rebalancing of supply chains. “Our investment in Geniemode is part of our active strategy to back leading new-age businesses that are disrupting large markets using technology,” he said. “The company’s asset-light, technology-driven approach enables its customers to optimize their sourcing strategies across Asia.”
Geniemode, with operations in New York, London, and Barcelona, stated that it seeks to solidify its role as a key sourcing partner for leading 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 solutions. We are committed to being 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.
