Info Edge Ventures leads $2.25 Mn seed round in Geniemode

B2B cross-border sourcing and supply chain tech startup, Geniemode has raised $2.25 million in its seed round led by Info Edge Ventures. Angel investors such as Deepinder Goyal, Kunal Shah, Prashant Malik, Pankaj Gupta and others have also participated in the round.

Co-founded by Amit Sharma and Tanuj Gangwani, the company allows creation and discovery, enables access to the right suppliers, and ensures that the entire process, starting from getting the samples developed and approved to shipping, is streamlined.

Within 5 months of launching its tech platform, the startup claims to have seen adoption from global buyers across the US, the UK, Mexico, and India. These buyers are reliably sourcing high-quality products from more than 100 micro, small, and medium enterprises (MSME) suppliers in India and Bangladesh, the company shared. 

Info Edge Ventures has backed 11 startups in 2021 so far. The list includes Lumiq, 1K Kirana Bazaar, Yojak, Attentive, Zingbus, Shiprocket, Skylark Drones, Airblack, Truemeds and QuickSell among others.