Exclusive: Exits Continue At GlobalBees As Three Board Members Step Down

SUMMARY

Inc42 has learnt GlobalBees’ three board members representing Lightspeed India Partners, Chiratae Ventures, and Premji Invest have resigned

Besides, multiple other board directors have exited the company's board over the past few months

Founded in 2021 by Supam Maheswari, GlobalBees invests in and acquires D2C brands that sell their products on Amazon India, Flipkart, and other ecommerce marketplaces

FirstCry subsidiary GlobalBees continues to see more exits. Inc42 has now learnt that GlobalBees’ three board of directors – Harsha Deepak Kumar (board representative of Lightspeed India Partners), Sudhir Kumar Sethi (board representative of Chiratae Ventures) and Kaveesh Chawla (board representative of Premji Invest) have resigned in the past 3-4 months.

A source close to the management said the directors were asked to step down as GlobalBees, being a subsidiary of FirstCry, had access to unpublished price-sensitive information (UPSI), making their resignation necessary to avoid potential conflicts or regulatory concerns.

The exits come in the backdrop of GlobalBees seeing some senior-level exits:

Nitin Agarwal, CEO, GlobalBees (exited April 2025)
Damandeep Soni, CBO, GlobalBees (exited August 2024)
Mohit Saxena, senior VP, Globalbees (exited in February 2025)
Abhishek Biswas, category head of home, kitchen, furniture, and appliances (exited in March 2025)
Venkatesh SS, executive VP, Operations
Deepak Khetan, CFO and head of corporate development (exited June 2023)

GlobalBees had not responded to the questionnaire at the time of publishing this article.

Founded in 2021 by Supam Maheswari, GlobalBees invests in and acquires D2C brands that sell their products on Amazon India, Flipkart, and other ecommerce marketplaces.

It partners with companies that have built products based on consumer insights in niche categories like fast-moving consumer goods (FMCG), sports, home decor, and lifestyle.

The startup has acquired brands such as The Clownfish, andMe, and Candes Technology, among others.

The startup has raised over $175 Mn in total funding and counts the likes of Lightspeed and SoftBank as its backers. The startup competes with players like BRND.ME (formerly Mensa Brands), Evenflow and GOAT Brand Labs.

Last month, FirstCry infused INR 73 Cr in GlobalBees. This was the first tranche of its total INR 146 Cr infusion.

GlobalBees posted an operating revenue of INR 1,179.3 Cr in the first nine months of FY25. The metric stood at INR 910 Cr during the same period a year ago. The startup posted an adjusted EBITDA of INR 19.1 Cr in the first three quarters of FY25.