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 any legal and financial meetings. The startup acts as a gateway for Indian SMEs to  import goods from other global markets, and enable 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%.  

Image source: BEYOBO (official site) 

Indian Angel Network led the round, other participators include the International Startup Foundation,  HNIs, and SAN angels. The total amount raised by BEYOBO shows the confidence of investors in the  company’s business model and market potential. BEYOBO will be using the total 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 business. BEYOBO offers opportunities for  growth and expansion to enhance the Indian market landscape.  

The startup’s e-commerce platform has doubled its growth as compared to last year, as it went from $ 5.6 billion to $18.2 billion in one year. BEYOBO offers a platform that currently sells several categories,  including household goods, cosmetics, mobiles and accessories, etc. The constant trust from both  parties helped the startup to gain more confidence in itsstrategic plan. BEYOBO aimsto not only create a cross-border platform but also to build a category that will redefine how cross-border transactions  work. 

The Co-founder and CEO of BEYOBO, Anil Agrawal mentioned that the interest and support from  investors and customers had 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, acting as a gateway for Indian SMEs to import goods from other global markets, and enabling foreign brands and sellers to connect with domestic users. This funding will enable 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 the confidence of investors in the company’s business  model and market potential. BEYOBO will be using the total funds raised to enhance its platform and  bring various international brands to the Indian market by building business connections.