BEYOBO, B2B cross-border e-commerce platform, has raised ₹6.7 crore in a pre-Series A2 round that was oversubscribed by 300 per cent. International Startup Foundation and SAN Angels, along with other angels and HNIs, participated in the round, led by Indian Angel Network. According to the company, the funds raised will be used to bring more international brands to the Indian market and tech platform upgrade. It also facilitates foreign brands and sellers who want to expand their reach in the Indian market, both online and offline. BEYOBO’s e-commerce platform currently sells across several varieties, including cosmetics, mobile and accessories, and household goods, and has doubled growth over the last one year.

Source: The Hindu May 14, 2024 02:01 UTC