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The pre-Series A2 round of B2B cross-border e-commerce platform BEYOBO has secured Rs 6.7 crore. The International Startup Foundation, SAN Angels, angel investors, and HNIs participated in the round, which was led by Indian Angel Network.
The money raised would go towards updating the IT platform and introducing more foreign businesses to the Indian market.
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The e-commerce platform of the business claims that it has twice its growth in the past year. Currently, the site offers a wide range of products, such as cosmetics, household items, mobile devices and accessories, and much more.
It integrated APIs with key B2C platforms in India, such as Flipkart, Amazon, and others, to provide better additional online markets to its buyers (retailers and distributors).
About BEYOBO
BEYOBO, an online marketplace founded by Anil Agrawal, serves as a portal for Indian SMEs looking to import items from other markets. Additionally, it helps foreign companies and vendors who wish to increase their online and offline presence in the Indian market.
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