GlobalFair raised $2 mn in seed round led by Saama Capital, India Quotient
GlobalFair, a B2B cross-border trading platform, raised a seed funding of $2 mn from institutional investors like Saama Capital and India Quotient. The round saw participation from Shashank Kumar and Harshil Mathur from RazorPay; Kunal Shah from CRED; and Harsh Shah and Farooq Adam from Fynd, who are angel investors in the company.
The comapny said that it'll use the fresh infusion to expand our network of manufacturers across India and Vietnam, and facilitate growth across all verticals to build a simpler, faster, and better cross border supply chain.
GlobalFair claims that it is building a borderless trade economy to make inter-country sourcing as easy and reliable as intra-country trade. It said that what ecommerce platforms did by digitising the complete retail shopping experience, producing giants like Amazon and Flipkart, the platform is doing the same for the cross-border B2B trade economy.