India's largest Thrasio-style investment venture, GlobalBees has raised $150 million in a mix of equity and debt in a Series A led by e-commerce firm FirstCry and some of its investors with additional participation from Lightspeed Venture Partners. This is the largest Series A funding round by an Indian Thrasio style startup in the country. With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed, Atul Gupta of Premji Invest, Sudhir Sethi of Chiratae Ventures, and Kshitij Sheth of Chrys Capital will join the GlobalBees board.
“GlobalBees aims to unleash the power of product innovation by Indian entrepreneurs and strategically