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New Deal


Announced

Completed

Premji Invest led a $110m Series B funding round in GlobalBees.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

Private Equity

Minority

E-commerce

Acquisition

Cross Border

Private

Venture Capital

Friendly

e-commerce

Completed

Synopsis

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Premji Invest, a venture capital firm, led a $110m Series B funding round in GlobalBees, an operator of an e-commerce and retail brand. Additional investors include Steadview Capital, Lightspeed, SoftBank and FirstCry. GlobalBees acquires and partners with digitally native brands across categories such as beauty, personal care, home and kitchen, food and nutrition, and sports and lifestyle. GlobalBees was looking to acquire up to three dozen brands.

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