Indian E-commerce Startup Beyobo Raises 55 Million INR in Seed Funding

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Key Takeaways:

  • Beyobo, an e-commerce platform based in India, raised 55 million INR in seed funding.
  • Funding round led by Inflection Point Ventures
  • Other investors include Hyderabad Angels, Indian Angel Network and SAN Angels Network
  • Beyobo’s online marketplace simplifies distribution of consumer products from overseas brands in India.

The Beyobo company, based in Gurgaon, Haryana, is an online marketplace that seeks to streamline sales around the distribution of consumer products in India for overseas brands. As of the closing of this funding round, Beyobo’s total funding amount stands at an impressive 55 million INR.

The seed funding phase brought in a number of noteworthy investors. Leading the investment was Inflection Point Ventures. Other major participants included the Hyderabad Angels, Indian Angel Network, and SAN Angels Network.

This is the first funding round for the e-commerce startup. The successful round of funding was closed on 27th July 2023.

For more information about Beyobo, visit its Crunchbase profile.

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