Beyobo raises Rs 6.7 crore funding led by Indian Angel Network, others

Cross-border e-commerce platform Beyobo has raised Rs 6.7 crore ($8,02,385) in pre-series funding led by Indian Angel Network.

International Startup Foundation, SAN Angels along with a host of angel investors also participated in the funding round.

Beyobo will utilise the funds to expand its international brand portfolio and upgradation of its technology platform.

Commenting on the funding, Anil Agrawal, CEO co-founder of Beyobo in a statement 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.”

Bikky Khosla from Indian Angel Network added, “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 execution of their vision. We believe that Beyobo is in a position to capitalise on its early mover advantage backed by an experienced team, which will lead them to capturing a sizeable market share in the cross-border e-commerce category.”

Beyobo acts as a gateway for Indian enterprises who want to import goods from other global markets. It also enables foreign brands and sellers to expand their reach in the Indian market.