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Geniemode, an apparel sourcing and supply chain platform, has raised over $50 million in a Series C funding round, which the firm will use to fuel its global expansion and to enhance its technology-driven supply chain solutions, said the company.
The funding round was led by Multiples Alternate Asset Management, with participation from Fundamentum, Paramark Ventures, and existing investor Info Edge Ventures.
According to Sridhar Sankararaman, MD, Multiples Alternate Asset Management, global macro trends are reshaping the apparel sourcing landscape, in turn driving a rebalancing of supply chains.
Geniemode, which operates in markets including New York, London, and Barcelona, said it aims to strengthen its position as a sourcing partner for major retailers.
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