Insolvency tremors have hit yet another player in India’s startup ecosystem. This time, it’s GlobalBees—the high-profile, Thrasio-style startup known for acquiring and scaling D2C brands. Surprisingly, the blow hasn’t come from a disgruntled vendor or market pressures, but from within its own investment circle.
Kuber Mart Industries, a company that GlobalBees had backed with ₹50 crore in 2022, has now dragged it to the National Company Law Tribunal (NCLT), alleging a default of nearly ₹65 crore. The development adds to a series of internal shake-ups and growing concerns over the stability of roll-up commerce ventures in India.
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