Get All Access for $5/mo

B2B Cross Border E-com Platform BEYOBO Raises INR 6.7 Cr Led by Indian Angel Network The Delhi-based platform aims to deploy the raised funds to bring more international brands to the Indian market and upgrade the tech platform.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Shikha Agrawal, Anil Agrawal, & Kunal Jain, Co-founders of BEYOBO

B2B cross border e-commerce platform BEYOBO announced the raising of INR 6.7 crore in its pre-Series A2 round, which was oversubscribed by 300%. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels, along with angels and HNIs.

The raised funds will be used to bring more international brands to the Indian market and upgrade the tech platform.

Anil Agrawal, CEO and Co-Founder, BEYOBO, said, "We are not just creating a platform; we are building a category that will redefine how cross-border transactions are perceived and executed globally, backed by our own 20-year experience in the domain. Our sights are firmly set on achieving profitability as we gear up for a Series A round, and the future looks incredibly bright."

Founded in 2019 by Anil Agrawal, BEYOBO is an online marketplace that acts as a gateway for Indian SMEs who want to import goods from other global markets. It also facilitates foreign brands and sellers who want to expand their reach in the Indian market, both online and offline.

Cosmetics, electronics, home items, and much more are among the many categories that the Delhi-based platform presently offers for sale. BEYOBO is responsible for completing orders.

Bikky Khosla, Lead, Indian Angel Network, said, "We see BEYOBO as a fast growing force in the cross border commerce category. Our decision to invest in the last three rounds, including the current one, is a testament to our belief in the company's potential and the execution of their vision."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Data & Recovery

Get $60 off This Portable VPN Travel Router

Why keep paying for a VPN service when you can have a tiny, lightweight piece of hardware that can provide you with a lifetime of maximum VPN protection?

Growing a Business

6 Effective Strategies to Secure Funding

Use these six proven strategies to secure the funding you need.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Business News

In Just 3 Words, Kevin O'Leary Offers a Grim Outlook on Interest Rates and Inflation

The "Shark Tank" star appeared on Fox Business' "Sunday Night in America with Trey Gowdy" and said it is "hard to see" mortgage rates dropping any time soon.

Business News

Toyota Loses Over $15 Billion in Market Value After Investigation

The company was accused of falsifying engine test results that stopped shipment on three vehicle models earlier this year.

News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.