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Tuesday, September 26, 2023

This IIT graduate left his high-paying job to build a Rs 8000 crore company in 7 months, his business is….

This IIT graduate left his high-paying job to build a Rs 8000 crore company in 7 months, his business is….

Nitin Agarwal, who was as soon as a high company government, has constructed a Rs 8236 crore company, in simply 7 months. Nitin Agarwal began GlobalBees in April 2021 and made it into one of many quickest unicorns in India in 7 months. GlobalBees is a roll up e-commerce company and it’s the solely second company in its section to attain USD 1 billion mark, the primary being Mensa Brands.

GlobalBees, which is an funding platform, is modelled on Thrasio, a US based mostly startup. Nitin Agarwal succeeded in constructing a unicorn as he centered on constructing a portfolio with completely different manufacturers in classes like vogue, jewelry, wellness, private care, life-style and eyewear.

Before launching GlobalBees, Nitin Agarwal labored asPresident and Group CEO, CTO and Chief Digital Officer at Edelweiss Financial Services. He co-founded GlobalBess with FirstCry founder Supam Maheshwari.

Nitin Agarwal is an engineer from Indian Institute of Technology (IIT) Delhi, He began his profession and after working in company for round a decade, Nitin Agarwal give up Edelweiss to discovered GlobalBees.

Nitin Agarwal’s gamble paid off as his company succeeded in bagging its first funding of $150 million in Series A led by FirstCry and another buyers after 3 months. In Series B funding it raised $111.5 million led by Premji Invest, the non-public fairness agency of legendary billionaire Azim Premji.

Nitin Agarwal’s GlobalBees has invested in round 26 corporations and its portfolio holds greater than 55 manufacturers. According to Nitin Agarwal, GlobalBees is presently attaining shipped product sales to the tune of Rs 140-150 crore per 30 days. Nitin Agarwal’s purpose is to flip the company worthwhile with USD 1 billion income by 2026.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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