Beyobo (Round Closed)
Beyond Boundaries
Official Website
Reports and Documents
₹ 8Cr.
Total Round Size
Equity
Mode
₹ 50L - 1Cr.
Open for SAN Angels
₹ 98Cr.
Valuation (pre-money)
Company Overview
An online marketplace that simplifies sales and distribution of consumer products in India for overseas Brands, Manufacturers or Aggregators. Overseas suppliers connect to the BEYOBO platform and upload their catalogue, inventory and transfer pricing.
About the Opportunity
Traction
- Currently INR 11.10Cr Monthly Revenue (INR 132Cr Revenue run-rate), 10% Gross Margin, +ve CM-2.
Market Overview
- As per a September 2020 report from the Retailers Association of India, India is 4th largest retail industry in the world, contributing 10% of the GDP and 8% of the total employment.
- Cross Border trade refers to the flow of goods and services across the international borders between jurisdictions.
- The joint report by Paypal and Alibaba puts the total value of cross-border E-commerce in 2020 at more than INR 80,000,000Cr. The total volume of cross-border E-commerce revenue in targeted markets in 2014 was recorded at INR 26,400Cr and growing at a frenetic pace.
- B2B Cross Border business is completely unorganized and there is a huge scarcity of products available to Indian retailers to opt from.
- Per the Department of Commerce Data, the overall value of imports for FY21 was INR 31,134.4Cr.
- India is making only 3% of world production whereas 17.7% world population resides here.
- According to a BCG report dated October 2019, 37% of Indians are willing to pay extra for trendy Global Products.
Business Model
- Commission on sales.
- MRP is decided by BEYOBO and our margin is built into it, 10 % is our take rate.
Major Enterprise Clients
- Flipkart.
- Amazon.
- Dehaat.
- Urban Company.
- Moglix.
- TATA Project
Round Details
- Previously raised 4Cr Nov 2021 IAN & HA @ 30Cr post-money.
- The current round of INR 8Cr.
- 4.5Cr is already closed by IPV as a lead investor along with the participation of existing investors – IAN and HA.
- Open for SAN Angels: INR 50L–1Cr.
- Minimum Ticket Size: INR 5L and USD equivalent.
- Valuation: INR 98Cr (pre-money).