GlobalFair, a Bangalore, India-based provider of a technology for materials in the cross-border space, raised $20M in Series A funding.
The round was led by Lightspeed with participation from Saama Capital, India Quotient, AUM Ventures and Stride Ventures.
The company intends to use the funds to accelerate growth, scale the business with plans to expand the current 110 member team spread across the US, Vietnam and India, and build new products.
Led by CEO Shaily Garg, GlobalFair provides a tech solution for the management of the global supply chain of building materials. The technology allows customers to start interacting with their platform across all stages of the traditional process, from building cost estimates using architectural plans and shop drawings to real time GPS enabled tracking of final delivery of the materials as per installation schedules on job sites. In the last 18 months, the company has grown over 300% Y-o-Y with 93% repeats and expanded across 36 states in the US, supplying to small ($10M-50$M) and big projects ($100M-$500M) from the India and Vietnam supply markets.
FinSMEs
20/10/2022