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B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr

EntrackrEntrackr · 1y ago
B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr
Medial

B2B cross border e-commerce platform BEYOBO has raised Rs 6.7 crore in its pre Series A2 round that was oversubscribed by 300%. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels along with angels and HNIs. The proceeds will be used to bring more international brands to the Indian market and tech platform upgrade. Founded by Anil Agrawal, BEYOBO is an online marketplace where it acts as a gateway for Indian SMEs who want to import goods from other global markets. It also facilitates foreign brands and sellers who want to expand their reach in the Indian market, both online and offline. The startup’s e-commerce platform claims to have doubled its growth over the last one year. The platform currently sells across several varieties including cosmetics, mobile and accessories, household goods and much more. The order fulfilment is executed by BEYOBO. According to an industry report, the B2B e-commerce market in India surged to a staggering $18.2 billion in 2023, a significant leap from $5.6 billion in 2021.

Snack brand Let’s Try raises $2.5 Mn led by SWC Global

EntrackrEntrackr · 3m ago
Snack brand Let’s Try raises $2.5 Mn led by SWC Global
Medial

Snack brand Let’s Try raises $2.5 Mn led by SWC Global Snack brand Let’s Try has raised $2.5 million in its latest funding round led by Singapore-based SWC Global. The existing investors are Wipro Consumer, 100Unicorns, Venture Catalysts, and boAt Lifestyle founder Aman Gupta. Prior to this, the company had secured $1.56 million from its existing investors. The proceeds will be channeled towards expanding distribution across Tier 1, 2, and 3 cities, strengthening its supply chain and backend operations, launching a diverse range of health-forward snacking options, and investing in digital and offline brand-building initiatives, Let’s Try said in a press release. Launched in 2021 by Nitin Kalra, Let’s Try aims to make delicious, high-quality snacks accessible to every Indian household. The brand offers a wide range of premium yet affordable snacks, including namkeens, wafers, cookies, cakes, and sweets, all made with top-quality ingredients. It was also featured on Shark Tank India. According to the Delhi-based company, it plans to introduce several new SKUs in modern trade and regional formats to appeal to a wider consumer base while deepening its presence across e-commerce platforms and D2C channels. As per market research, the snack market is estimated at Rs 50,000 crore, growing annually at 12%. In three years, Let’s Try claims that it has scaled its revenue from Rs 1 crore to Rs 120 crore in ARR and has set a target of crossing Rs 1,000 crore in revenue by 2028.

Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare

EntrackrEntrackr · 2m ago
Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare
Medial

Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare Early childhood education and daycare startup Footprints Preschool & Daycare has raised $7.5 million in Series A funding, led by Tanglin Venture Partners. The proceeds will be used to accelerate the launch of new centres, deepen investment in smart surveillance and AI-driven learning systems, and enhance digital engagement with parents, Footprints said in a press release. Footprints Preschool & Daycare is an early childhood education and daycare chain in India. It focuses on holistic child development using the US-based HighScope Curriculum and places a strong emphasis on child safety and parental involvement. Footprints claims to operate numerous centres across 24 cities, serving over 48,000 parents, and provides features such as live CCTV access and a mobile app for parents to stay connected with their children. Footprints aims to reshape early childhood learning by integrating personalized care with technology-driven solutions and efficient operations. It prioritizes child safety through features such as live CCTV access, child-safe infrastructure, and thorough background checks for all staff. “Our focus has always been on creating safe, nurturing, and stimulating environments where every child’s potential is recognized and developed. With the support of Tanglin Venture Partners, we are now positioned to deepen our impact and bring our model to even more families across the country. Our commitment to trust, transparency, and technology-driven care remains the foundation of our growth,” said Raj Singhal, co-founder and CEO of Footprints. Tanglin Venture Partners, a venture capital firm founded by Ravi Venkatesh, a former Tiger Global executive, is gearing up to raise $250 million for its third fund. Its portfolio includes Pocket FM, Moglix, Sugar.fit, Good Flippin' Burgers, abCoffee, Scapia, Plum, Open, Ninjacart, Jupiter, and Rupeek, among others.

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