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- GlobalBees
GlobalBees Valuation, Funding & Investors
GlobalBees is valued at $1.1B as of December 2021.
Last GlobalBees valuation
$1.1B
Series B · Dec 2021
Last GlobalBees funding round
$110M
Series B · Dec 2021
Cumulative funding GlobalBees raised
$185M
across 2 funding rounds
Key investors in GlobalBees
SoftBank Group
Premji Invest
Lightspeed India Partners
Brainbees Solutions
Chiratae Ventures
Steadview Capital
About GlobalBees
GlobalBees is a product discovery and scaling company focused on consumer goods e-commerce. The firm sources identifies and grows brands for marketplaces like Amazon and Shopify targeting categories such as home kitchen beauty and electronics. It provides supply chain fulfillment marketing and analytics services to accelerate seller performance. GlobalBees operates warehouses in the United States Europe and Asia supporting rapid inventory turnover and international expansion.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1.1B (Dec 2021)
GlobalBees Valuation
GlobalBees is currently valued at $1.1B, based on its Series B in December 2021.
The $110M round was led by Premji Invest, with participation from SoftBank Group, Steadview Capital, Brainbees Solutions and Lightspeed India Partners.
GlobalBees valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series B | $1.1B |
GlobalBees Funding History
GlobalBees has raised a total of $185M across 2 funding rounds.
GlobalBees' first fundraising round was a $75M Series A in July 2021. The most recent completed round was a $110M Series B in December 2021.
GlobalBees funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series B | Premji Invest (lead); SoftBank Group; Steadview Capital; Brainbees Solutions; Lightspeed India Partners | $110M | $1.1B | GlobalBees, a Thrasio-style direct-to-consumer (D2C) aggregator, raised over $110 million in a Series B funding round in December 2021, led by Premji Invest, with participation from Steadview Capital, SoftBank Vision Fund, FirstCry, Lightspeed India Partners, and $30 million debt from Trifecta Capital. The investment propelled GlobalBees to unicorn status with a post-money valuation of $1.1 billion, as stated by the company and confirmed in regulatory filings and media reports. Founded by Nitin Agarwal and Supam Maheshwari (co-founder of FirstCry), the New Delhi-based firm acquires and scales digitally native e-commerce brands in categories like beauty, personal care, home and kitchen, food and nutrition, sports, and lifestyle, having completed eight acquisitions including Yellow Chimes, Absorbia, The Better Home, AndMe, and Prolixr. The funding came shortly after a $150-166 million Series A round earlier in 2021 backed by ChrysCapital, Premji Invest, SoftBank, Lightspeed, FirstCry, and others in a mix of debt and equity. GlobalBees targeted brands with revenue rates of $1-20 million, aiming to leverage data, technology, and operational expertise for growth across marketplaces. At the time, the company had over 100 employees and was in advanced talks with more than 20 additional brands for acquisition, planning to invest in over 100 brands across verticals like FMCG, sports, home organization, and lifestyle within three years. Proceeds from the round were allocated to strengthen the product portfolio, drive innovation, enhance customer experience, hire talent, and scale existing brands. This positioned GlobalBees as India's second Thrasio-style unicorn after Mensa Brands, amid a wave of aggregator startups entering the unicorn club in 2021. |
| Jul 2021 | Series A | Brainbees Solutions (lead); SoftBank Group; Premji Invest; Lightspeed India Partners; ChrysCapital; Chiratae Ventures | $75M | - | GlobalBees is a Thrasio-style direct-to-consumer venture that aggregates, acquires, and invests in digitally native e-commerce brands across categories like beauty, personal care, home and kitchen, food and nutrition, sports, lifestyle, homecare, fashion jewellery, and eyewear. Founded in May 2021 by Nitin Agarwal (ex-Edelweiss Financial) and Supam Maheshwari (FirstCry founder), the New Delhi-based startup partners with brands having revenue run rates of $1 million to $20 million, helping them scale sales on marketplaces like Amazon and Flipkart in India and internationally. By July 2021, it had acquired or partnered with over a dozen brands and was on an acquiring spree with eight brands acquired to date. On July 19, 2021, GlobalBees raised $150 million in its Series A round, comprising $75 million in equity and $75 million in debt, led by FirstCry with participation from Lightspeed Venture Partners (Lightspeed India Partners). The round marked one of India's largest Series A financings. The company planned to use proceeds for strengthening its product portfolio, innovation, customer experience, hiring (over 100 employees at the time), scaling owned brands, and pursuing acquisitions, with advanced talks for 20 more companies and ambitions to invest in over 100 brands across verticals in three years. |
Who has invested in GlobalBees?
7 investors have backed GlobalBees across its funding rounds, including SoftBank Group, Premji Invest, Lightspeed India Partners, Brainbees Solutions, Chiratae Ventures and Steadview Capital.
Lead investors include Premji Invest and Brainbees Solutions.
GlobalBees Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Jul 2021 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 7 GlobalBees investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by GlobalBees
GlobalBees has acquired 11 companies to date.
Last acquisition by GlobalBees was on February 9th 2022. GlobalBees acquired Reach for undisclosed valuation.
Latest Acquisitions by GlobalBees
| Description | Reach is a fitness equipment rental service based in India. The company supplies home gym solutions including treadmills from Life Fitness, massage chairs, elliptical trainers, spin bikes, recumbent cycles, dumbbells, and multi-station home gyms. Customers access monthly subscriptions with delivery, installation, and maintenance across major cities like Mumbai, Delhi, and Bangalore. | The Butternut Company is a Delhi-based producer of natural nut butters, chocolate spreads, and snack bars. It offers flavors like almond, peanut, and hazelnut without added sugars or preservatives. Available online and in stores across India, the company sources nuts from local farms. | Mush is an India-based manufacturer of bamboo fiber products including clothing and textiles that leverage the material's moisture-wicking, antibacterial, and sustainable properties for everyday luxury wear. | Strauss is a fitness equipment manufacturer based in Taipei, Taiwan, supplying cardio machines like treadmills and ellipticals, strength training gear including multi-gyms and free weights, and accessories such as yoga mats to gyms worldwide. The brand equips facilities in Europe and Asia with commercial-grade products certified under ISO 9001 standards. | |
| HQ Country | |||||
| HQ City | Gurgaon | Mumbai | Ahmedabad | Delhi | |
| Deal Date | 9 Feb 2022 | 11 Jan 2022 | 11 Jan 2022 | 11 Jan 2022 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all GlobalBees acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by GlobalBees
GlobalBees has invested in 3 companies to date.
Latest investment by GlobalBees was on October 22nd 2024. GlobalBees invested in Dynamic It Solution in their $500K Strategic investment round.
Latest Investments by GlobalBees
| Description | Dynamic IT Solution Private Limited is an India-based firm that designs and develops software alongside trading sports and fitness accessories under the Strauss brand. The company supplies fitness equipment such as yoga mats, resistance bands, and dumbbells, while offering custom software for inventory management and e-commerce. Incorporated in 2015, it distributes products through online marketplaces and retail outlets in Mumbai and surrounding regions. | The Butternut Company is a Delhi-based producer of natural nut butters, chocolate spreads, and snack bars. It offers flavors like almond, peanut, and hazelnut without added sugars or preservatives. Available online and in stores across India, the company sources nuts from local farms. | Candes is an Indore-based manufacturer of home and kitchen appliances. The company produces fans, mixer grinders, induction cooktops, water purifiers, and room heaters distributed across India through e-commerce and retail channels. Candes emphasizes affordable, durable products with features like energy-efficient motors and safety certifications. |
| HQ Country | |||
| HQ City | Delhi | Mumbai | Delhi |
| Deal Date | 22 Oct 2024 | 30 Sep 2024 | 23 Apr 2022 |
| Round | Strategic investment | Strategic investment | Strategic investment |
| Raised | $500K | $1M | $3M |
| Investors | - | - | - |
| Valuation | $2M | $4M | $8M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all GlobalBees investments and their VC round multiples. Start Free Trial | |||
GlobalBees Competitors
GlobalBees competitors include listed companies like Hepsiburada and E-MART, and private ones like Pharmapacks, Brands for Less, Oasis Market and HexClad.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $250M | - | $1.1B | 4.4x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.7B | ($51M) | $957M | 0.3x | ||
| Publicly listed | $21B | $1.6B | $1.4B | 0.5x |
GlobalBees Public Comps
GlobalBees is still privately-owned, but its public comps include GoodRx, Moonpig Group, Tuhu Car, Hepsiburada, Jumia Technologies AG, Brainbees Solutions, Boozt, Chancemate, Bxn Holding and CEWE Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $501M | $140M | 2.3x | 2.3x | 8.2x | 8.2x | |||
| $2.5B | $84M | 0.3x | 0.2x | 7.6x | 7.8x | |||
| $1.7B | ($51M) | 0.5x | 0.3x | (15.8x) | 28.7x | |||
| $189M | ($51M) | 4.8x | 4.2x | (17.8x) | (26.4x) | |||
| $866M | $29M | 1.1x | 1.0x | 31.8x | 23.1x | |||
| $845M | $71M | 1.1x | 1.0x | 13.0x | 10.3x | |||
| $160M | $19M | 3.7x | 4.3x | 30.9x | 28.1x | |||
This data is available for Pro users. Sign up to see all GlobalBees competitors and their valuation data. Start Free Trial | ||||||||
Common questions about GlobalBees
| When was GlobalBees founded? | GlobalBees was founded in 2021. |
| Where is GlobalBees headquartered? | GlobalBees is headquartered in Delhi, India. |
| Is GlobalBees publicly listed? | No, GlobalBees is a private, VC-backed company. |
| What is GlobalBees' valuation? | GlobalBees was last valued at $1.1B in its Series B in December 2021. |
| How much funding has GlobalBees raised? | GlobalBees has raised $185M across 2 funding rounds. |
| What was GlobalBees' last funding round? | GlobalBees' last funding round was a $110M Series B in December 2021, led by Premji Invest. |
| Who are GlobalBees' investors? | GlobalBees' investors include SoftBank Group, Premji Invest, Brainbees Solutions, Lightspeed India Partners, Steadview Capital, ChrysCapital and Chiratae Ventures. |
| Which companies are comparable to GlobalBees? | Companies comparable to GlobalBees include Pharmapacks, Brands for Less, Oasis Market, HexClad, Hepsiburada and E-MART. |
| How many companies has GlobalBees acquired? | GlobalBees has acquired 11 companies, including Reach, The Butternut company, Mush, Strauss and Rey Naturals. |
| How many companies has GlobalBees invested in? | GlobalBees has invested in 3 companies, including Dynamic It Solution, The Butternut company and Candes. |
| What was GlobalBees' last investment? | In October 2024, GlobalBees invested in Dynamic It Solution's $500K strategic investment round. |
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