GlobalBees Bags $17Mn Debt Funding from Avendus

SoftBank Group Corp.-backed ecommerce rollup startup GlobalBees has raised INR 140 Cr ($17 Mn) in a debt funding round

The startup would use the fresh funds for its working capital needs.

The debt round comes almost two years after the startup raised an equity funding of $111 Mn in its Series B funding round to enter the coveted unicorn club.

Launched in 2021, GlobalBees, which is headed by Nitin Agarwal as the CEO, invests in and acquires companies that sell their products on Amazon India, Flipkart, and other ecommerce marketplaces.

GlobalBees claims to partner with companies that have built products based on consumer insights in niche categories like fast-moving consumer goods (FMCG), sports, home organisation, and lifestyle.

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