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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.

Reliance launches AI unit with Google and Meta as partners

EntrackrEntrackr · 3d ago
Reliance launches AI unit with Google and Meta as partners
Medial

Reliance Industries Limited (RIL) has announced the launch of a new artificial intelligence focused subsidiary Reliance Intelligence with Google and Meta onboard as strategic partners. The new unit will focus on four key areas which include setting up gigawatt scale AI ready data centres in Jamnagar, forging partnerships with global technology companies and open source communities, deploying AI solutions across sectors such as education, healthcare, agriculture and small businesses, and attracting global AI talent to India. Google CEO Sundar Pichai said the company will work with Reliance to bring AI across its businesses covering energy, retail, telecom and financial services. Both companies will also establish a dedicated Jamnagar Cloud region for Reliance. Reliance will also create a joint venture with Meta to build sovereign enterprise ready AI platforms for Indian companies and government entities. The partnership will combine Meta’s open source Llama models with Reliance’s scale in energy, telecom, retail and manufacturing. Meta CEO Mark Zuckerberg said the venture aims to ensure access to AI for everyone in India and eventually to superintelligence. The launch reflects Reliance’s ambition to expand beyond its oil to chemicals operations into technology and new age sectors. Over the past few years, the conglomerate has scaled Jio into India’s largest telecom operator, built Reliance Retail into a global retail powerhouse, and committed billions to clean energy giga factories. Mukesh Ambani said Jio delivered digital everywhere for every Indian and Reliance Intelligence will deliver AI everywhere for every Indian.

Fashion brand Outzidr raises $3.1 Mn led by RTP Global

EntrackrEntrackr · 25d ago
Fashion brand Outzidr raises $3.1 Mn led by RTP Global
Medial

Fashion brand Outzidr raises $3.1 Mn led by RTP Global Co-founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, Outzidr is a digital-first fashion brand offering on-trend western wear for Indian women aged 18–28. The Bengaluru-based startup has raised Rs 27 crore (around $3.1 million) in a pre-Series A round led by RTP Global along with participation from existing investor Stellaris Venture Partners. Outzidr, a fashion brand built for Gen Z women, had previously raised Rs 30 crore (around $3.5 million) in a seed round led by Stellaris Venture Partners. The proceeds will be utilized for the next phase of growth, including the launch of its first exclusive offline store by March 2026 and expansion of its design, operations, and technology teams. Outzidr launches up to 2,000 new styles every month, or 500 every week, through its own D2C platform and leading marketplaces like Ajio, Myntra, and Nykaa Fashion. “Outzidr represents the energy of a new generation — fast-paced, fresh, and fearless,” said Nirmal Jain, Co-founder and CEO of Outzidr. “We’re building a brand that listens, learns, and reacts in real time. This fundraiser is a strong validation of our mission to become the everyday fashion choice for Gen Z women — and of the incredible team and opportunity we’re building for.” According to market research, India’s fast fashion market is currently valued at around $10 billion and is projected to surge to over $50 billion by FY 31, growing at a ~30% CAGR. In just five months, the brand claims to have gained more than 100,000 customers. It primarily competes with other notable players in this space such as NEWME, Zudio, and Style Union.

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