Building materials business GlobalFair raises $20 million through equity, loan financing.
- Lightspeed led GlobalFair’s $20 Mn Series A financing round. Saama Capital, India Quotient, AUM Ventures, and Stride Ventures joined the equity-debt round.
- GlobalFair will utilise the funding to expand its personnel, company, and products. The business wants to expand manufacturing in India and Vietnam, introduce capital finance solutions, and create a sustainable end-to-end synchronised cross-border supply chain.
- The California-based startup’s supply, operations, and logistics teams are in India and Vietnam, its primary supplier markets.
- GlobalFair sells mostly in the US. “The supply chain and quality of cross-border procurement is extremely different from local demand,” Garg added.