GlobalBees
Founded Year
2021Stage
Debt - III | AliveTotal Raised
$308.5MValuation
$0000Last Raised
$17M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-4 points in the past 30 days
About GlobalBees
GlobalBees focuses on nurturing and scaling direct-to-consumer (D2C) brands in various sectors. The company partners with entrepreneurs to grow their online-first businesses, leveraging an innovation-led strategy and a consumer-first approach to build the brands of tomorrow. It primarily sells to sectors including home care, wellness, skincare, moisture control, fashion jewelry, hair care, eyewear, healthy foods, and fitness. It was founded in 2021 and is based in New Delhi, India.
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Expert Collections containing GlobalBees
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
GlobalBees is included in 2 Expert Collections, including E-Commerce.
E-Commerce
11,142 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,258 items
Latest GlobalBees News
Dec 12, 2024
Kotak Securities' positive outlook for Brainbees Solutions is driven by its dominant position in the Indian multichannel retail sector. 12 Dec 2024, 11:28 AM IST 12 Dec 2024, 11:28 AM IST WhatsApp Brainbees Solutions Ltd. share price rose over 4% (Photo source: Company website) Shares of Brainbees Solutions Ltd. surged by over 4% on Thursday after Kotak Securities initiated coverage with an 'add' rating and a target price of Rs 630. The brokerage's positive outlook for the company is driven by its dominant position in the Indian multichannel retail sector, strong revenue growth prospects, and the profitability of its brand aggregation business, Globalbees. Kotak Securities highlighted Brainbees Solutions as India's largest multi-brand platform for products catering to mothers, babies, and kids, with a gross merchandise value driven by 8.7 million annual unique transacting consumers in financial year 2024. The firm projects a robust 17% revenue compound annual growth rate from financial year 2024 to financial year 2027, primarily driven by the growth in its customer base and average order value. Brainbees’ India multichannel business, which encompasses its popular e-commerce platform, Firstcry.com, and its network of over 1,100 physical stores, is poised to continue expanding. ALSO READ Additionally, Kotak Securities noted the promising performance of Globalbees, a direct-to-consumer brand aggregator in which Brainbees holds a 50.2% stake. Globalbees, which invests in fast-growing startups across various segments, including beauty, personal care, electronics, and accessories, reported revenues of Rs 12 billion in financial year 2024. The brokerage expects the brand aggregator to grow at a CAGR of 25.9% over the next three years. While the path to profitability remains complex for Globalbees due to its diverse investments, Kotak Securities anticipates an improvement in Ebitda margins from 0.2% in financial year 2024 to 5.1% by financial year 2027. Kotak Securities forecasts a 30% CAGR in adjusted Ebitda over the financial year 2024-2027 period, driven by higher gross margins and operational leverage. However, the brokerage warned that higher Employee Stock Ownership Plan expenses could result in a net loss for Brainbees in financial year 2025 and financial year 2026, with profitability expected to return by financial year 2027. Brainbees Solutions Share Price Today The scrip rose as much as 4.05% to Rs 623.70 apiece. It pared gains to trade 1.22% higher at Rs 606.75 apiece, as of 10:57 a.m. This compares to a 0.14% advance in the NSE Nifty 50. It has fallen 10.65% in the last 12 months. Total traded volume so far in the day stood at 1.9 times its 30-day average. The relative strength index was at 54. All three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 25.8%. ALSO READ
GlobalBees Frequently Asked Questions (FAQ)
When was GlobalBees founded?
GlobalBees was founded in 2021.
Where is GlobalBees's headquarters?
GlobalBees's headquarters is located at MG Road, Opposite pillar number 184, next to Arjangarh Station, 1st Floor, New Delhi.
What is GlobalBees's latest funding round?
GlobalBees's latest funding round is Debt - III.
How much did GlobalBees raise?
GlobalBees raised a total of $308.5M.
Who are the investors of GlobalBees?
Investors of GlobalBees include Avendus Capital, SoftBank, FirstCry, Chiratae Ventures, Premji Invest and 6 more.
Who are GlobalBees's competitors?
Competitors of GlobalBees include Evenflow, Heyday, GOAT Brand Labs, Thrasio, The Better Shop and 7 more.
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Compare GlobalBees to Competitors
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