Nine-Month-Old Startup Becomes Latest India Unicorn After $110 Million Funding Led By Premji Invest

GlobalBees, a nine-month-old startup based in New Delhi, achieved unicorn status after raising about $110 million in Series B financing led by Premji Invest, according to media reports. Premji Invest is the investment firm of Indian billionaire Azim Premji, chairman of tech giant Wipro.

London-based Steadview Capital, which focuses on investments in India, and existing investors SoftBank and FirstCry, a baby product e-commerce site based in Pune, also participated in the funding round, which values GlobalBees at $1.1 billion.

— Forbes

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