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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.

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EximPe secures RBI PA-CB in-principle licence

EntrackrEntrackr · 2d ago
EximPe secures RBI PA-CB in-principle licence
Medial

Snippets EximPe secures RBI PA-CB in-principle licence EximPe, a cross-border payment startup, has secured the Reserve Bank of India’s (RBI) Payment Aggregator Cross-Border (PA-CB) In-Principle licence (export and import). According to EximPe, this makes the company one of the first to receive this new regulatory authorization without any existing payments licences. With this licence, it plans to enable compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets. The PA-CB licence will significantly enhance the company’s ability to facilitate seamless cross-border payments and simplify compliance for businesses engaged in international trade. The licence will enable the startup to transition from a technology platform enabling cross border payments to being able to provide a fully regulated cross border infra play. Founded in 2021 by Arjun Zacharia, EximPe is an all-in-one platform that provides real time rate booking, compliance, and trade documentation for businesses. The company serves a range of businesses who trade or sell services globally. The Mumbai-based company had previously raised $3.5 million in Series A round from Leo Capital and others. “With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India-Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026,” said Arjun Zacharia, CEO and founder of EximPe. The platform claims to have already processed over $450 million in transactions and serves more than 5,000 SMEs, manufacturers, and service providers. It aims to further strengthen its position as a leading cross-border payment infrastructure provider by expanding its capabilities with this new licence.

Xpressbees names Uday R. Sharma CBO for B2B, 3PL and cross-border

EntrackrEntrackr · 3m ago
Xpressbees names Uday R. Sharma CBO for B2B, 3PL and cross-border
Medial

Logistics and supply chain solutions provider Xpressbees has appointed Uday R. Sharma as Chief Business Officer - B2B, 3PL, and Cross Border. Uday brings nearly 30 years of experience in helping businesses scale-up, leading organizational turnarounds, and P&L management. His expertise spans business development, key account management, and customer relationship management. Before joining Xpressbees, Uday held leadership positions at Allcargo Logistics, Spoton Logistics, Safexpress, and Aramex India. With a history of fostering strategic business growth, he has effectively led cross-functional teams across multiple industries. According to Xpressbees, Uday’s vast experience and strategic vision will be key in scaling their B2B, 3PL, and Cross Border operations. The company looks forward to his contributions in strengthening its market presence and driving the company’s next phase of growth. Detailing his appointment, Uday R. Sharma said, "I am happy to take on this role with Xpressbees at such a pivotal stage of its growth. The logistics industry is evolving rapidly, and my role will be to leverage my experience to drive innovation, strengthen partnerships, and enhance customer value at Xpressbees”. Xpressbees is an end-to-end logistics solutions provider, offering a comprehensive range of services across e-commerce, B2B, 3PL, and Cross Border logistics. With a robust network and cutting-edge technology, Xpressbees is committed to delivering seamless and efficient supply chain solutions.

Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others

EntrackrEntrackr · 11m ago
Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others
Medial

Pneucons, a B2B industrial marketplace startup, has closed its undisclosed pre-series investment round driven entirely by social media engagement. The round also saw participation from Tarun Mehta, co-founder & CEO of Ather Energy. The proceeds will be used to expand the team, focusing on more cross-border transactions across major engineering categories like fire safety, pneumatics and hydraulics, industrial automation, plastic & packaging, electric cables and products and power tools. Founded in 2022 by Pritesh Lakhani, Pneucons is a B2B industrial marketplace startup building an ONDC-like infrastructure. Serving SMEs and MSMEs in India’s industrial sector, Pneucons addresses challenges such as credit defaults, opaque pricing, and the availability of genuine quality products. The Ahmedabad based startup claims to have presence in over 42 countries with 7,000 buyers and 70 sellers, all acquired through word of mouth. It has executed cross-border transactions in 12 countries. It counts established enterprises and government entities such as Indian Railways, Indian Oil, L&T Suffin, Telangana Power Plant, and ISRO as its clients. As per the company, sellers from tier II and III cities are directly exporting & importing industrial equipment via Pneucons.

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