GlobalFair Inc. Company Research Report

Company Overview

• Name: GlobalFair Inc.

• Mission: Redefining building materials supply chain with cutting-edge technology.

• Founded: 2020

• Founders: Shaily Garg and Ashish Chandra

• Key People:

• Shaily Garg, Co-founder & CEO

• Ashish Chandra, Co-founder, COO & CFO

• Pranay Suwałka, Vice President – Supply

• John Fox, Commercial Sales

• Aameer Rafiq Wani, AVP - Engineering

• Mohit Jhunjhunwala, AVP - Logistics

• Satyasuranjeet, AVP - Delivery

• Thiem, Manager Vietnam

• Headquarters: No information is available.

• Number of Employees: Over 110 employees spread across India, USA, and Vietnam.

• Revenue: No information is available.

• Known For: Being a leading supplier of construction and building materials, utilizing tech-enabled manufacturing and supply chains.

Products

GlobalFair specializes in providing a range of building materials through a tech-enabled marketplace aimed at simplifying procurement for construction contractors. Key product categories include:

• Quartz: Known for unmatched richness and quality in color and texture, particularly in shades of whiteness.

• Natural Stones: Offers a variety of natural stone products used in construction and design.

• Cabinets: High-quality cabinets that mix practicality and elegance, ideal for interiors.

• Vinyl Flooring: Durable and stylish flooring options suited to various design needs.

• Porcelain Tiles: Provide a robust solution for modern construction demands.

• Sinks & Faucets: High-grade fixtures that complement various interior styles.

• Doors & Windows: Offering quality products that ensure longevity and style.

Recent Developments

• Funding and Expansion: GlobalFair secured $20 million in a Series A funding round led by Lightspeed, raising their total capital to $22 million. This funding is allocated to team expansion, product building, and scaling of their tech offerings to new markets.

• Platform Enhancements:

• Predictive Modeling Capabilities: To automate construction material cost estimates and provide material visualization.

• Buyer App: This app facilitates product browsing, order customization, and real-time order tracking with GPS.

• QC App: Ensures maintenance of international quality standards with in-line, mid-line, and end-line product inspections.

• Supply Chain Improvements: GlobalFair has developed an end-to-end synchronized supply chain platform enhancing transparency, reducing the complexity of cross-border supply chains, and directly connecting contractors with suppliers.

• Sustainability Initiatives: The company commits to sustainable manufacturing practices and aims to achieve net-zero carbon emissions across all stages of production and logistics.

• Client Base: Working extensively with U.S. based contractors in multifamily and hospitality projects and has expanded its clientele to include retail chains.

• Market Strategy: By integrating a network of manufacturing facilities across India and Southeast Asia, GlobalFair aims to serve a global customer base efficiently and securely.

Conclusion

GlobalFair is decisively positioned as a tech-driven enterprise within the building materials industry, aiming for a seamless, cross-border trade experience. With a robust product line, focus on sustainability, and continued investment in technological innovation, GlobalFair is poised to redefine global procurement practices for construction materials.