India’s GlobalBees joins unicorn club for its Thrasio-like house of brands

India’s GlobalBees joins unicorn club for its Thrasio-like house of brands

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/12/28/globalbees-joins-unicorn-club-for-its-thrasio-like-house-of-brands/

GlobalBees, which raised one of the largest Series A financing rounds in India earlier this year, has entered the unicorn club as the New Delhi-headquartered firm scales its Thrasio-like house of brands.

Premji Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed in a regulatory filing. The round, whose size is about $110 million, values GlobalBees at over $1.1 billion, the filing showed.

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