B2B cross border e-com startup BEYOBO raised Rs 6.7 Cr Pre-series A2 funding

In a pre-Series A2 round that saw a 300% oversubscription, B2B cross-border e-commerce platform BEYOBO raised Rs 6.7 crore. Along with angel investors and HNIs, the International Startup Foundation and SAN Angels participated in the round, which was spearheaded by Indian Angel Network.

Increased international brand presence in the Indian market and platform upgrades will be funded by the proceeds.

Anil Agrawal founded BEYOBO, an online marketplace that serves as a conduit for Indian SMEs looking to import products from overseas markets. It also makes it easier for international companies and vendors to increase their online and offline presence in the Indian market.

Over the past year, the e-commerce platform of the startup has allegedly doubled in growth. The platform currently offers a wide range of products, such as household goods, cosmetics, mobile devices and accessories, and much more. BEYOBO is the one who fulfills the orders.

The B2B e-commerce market in India grew dramatically from $5.6 billion in 2021 to a startling $18.2 billion in 2023, according to an industry report.