BEYOBO is a cross-border B2B e-commerce platform that utilizes technology to digitally manage domestic retailers’ demand and provide them with consumer products directly from international suppliers without legal and financial meetings. The startup is a gateway for Indian SMEs to import goods from other global markets, enabling foreign brands and sellers to connect with domestic users. This startup recently raised 6.7 crore INR in a pre-series A2 round that was oversubscribed by 30%. Here, we are talking about BEYOBO, cross border B2B e-commerce platform, raises INR 6.7cr fund.
Here, we are talking about BEYOBO, cross border B2B e-commerce platform, that raises INR 6.7cr fund:
Indian Angel Network led the round, and other participants included the International Startup Foundation, HNIs, and SAN angels. The total amount raised by BEYOBO shows investors’ confidence in the company’s business model and market potential. BEYOBO will use the funds raised to enhance its platform and bring various international brands to the Indian market by building business connections. The startup aims to simplify global trade by creating cross-border categories and locating products globally at competitive prices tailored for Indian businesses. BEYOBO offers opportunities for growth and expansion to enhance the Indian market landscape.
The startup’s e-commerce platform has doubled its growth compared to last year, from $ 5.6 billion to $18.2 billion in one year. BEYOBO offers a platform that sells several categories, including household goods, cosmetics, mobiles, accessories, etc. The constant trust from both parties helped the startup gain more confidence in its strategic plan. BEYOBO aims to create a cross-border platform and build a category redefining how cross-border transactions work.
The co-founder and CEO of BEYOBO, Anil Agrawal, mentioned that the interest and support from investors and customers helped them fuel their financial resources. The investors showed their trust in the startup by emphasizing that they believe BEYOBO has a solid understanding of its business model and an impeccable founder market fit. They mentioned BEYOBO as a “fast-growing force in cross border commerce category.” The prediction for B2B e-commerce in India is said to have a monumental rise in market size. With a focus on profitability, BEYOBO aims to lead the B2B digital cross-border commerce sector.
Conclusion
BEYOBO is a cross-border B2B e-commerce platform that utilizes technology to digitally manage domestic retailers’ demand and provide them with consumer products directly from international suppliers. It is a gateway for Indian SMEs to import goods from other global markets, enabling foreign brands and sellers to connect with domestic users. This funding will allow BEYOBO to improve its platform and introduce more international brands to the Indian market, simplifying global trade.
With its e-commerce platform experiencing exponential growth in one year, BEYOBO aims to redefine cross-border transactions with its innovative approach. Investors recognize BEYOBO as a leader in the cross-border commerce category, reflecting their trust in its business model and founder-market fit. The total amount raised by BEYOBO shows investors’ confidence in the company’s business model and market potential. BEYOBO will use the funds raised to enhance its platform and bring various international brands to the Indian market by building business connections.
The successful raise of INR 6.7 crore in funding marks a significant milestone for BEYOBO, the cross-border B2B e-commerce platform. This substantial investment validates the company’s innovative approach and market potential and underscores investor confidence in its ability to transform cross-border trade. With this infusion of capital, BEYOBO is poised to scale its operations, expand its reach, and further enhance its platform to meet the evolving needs of B2B buyers and sellers worldwide. As BEYOBO continues to solidify its position in the e-commerce landscape, it is set to catalyze growth, foster international trade partnerships, and drive economic prosperity in the global marketplace.
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