Angel Investments
B2B commerce enabler for consumer brands Beyobo raises Rs.5.5 Cr led by IPV
Gurugram-based B2B commerce enabler Beyobo has raised INR 5.5 crore in a pre-Series A round led by Inflection Point Ventures. SAN Angels, Indian Angel Network and Hyderabad Angels also participated in this round, along with several other individual investors. The round was advised by Censie Capital Partners. Co-Founded by Anil Agrawal, Beyobo seeks to simplify sales around the distribution of consumer products in India for overseas brands. The startup, which focuses initially on beauty and personal care, consumer electronics, and fashion accessories, is reported to serve over 35,000 retailers, and to have generated around INR 95 crore revenue in FY23. The new funds will be used for technology enhancement, supply enhancement, and to generate demand.
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