B2B cross border platform BEYOBO targets IPO in 2026, aiming for Rs 1,000 crore revenue

B2B cross-border platform BEYOBO recently announced the acquisition of a patent for its product identification automation technology.

The company said the patent has been granted for a unique algorithm that will help BEYOBO automate product categorisation, cataloguing, and customs compliance.

The code developed will enable BEYOBO to track down any product by using their HSN code only, as per the company's statement.

BEYOBO is an Indian cross-border consumer goods e-commerce platform that facilitates seamless international trade. The company streamlines quality assurance, payments, procurement, and services, offering end-to-end transaction solutions for buyers in India.

Streamlining international trade

BEYOBO said its patented system is designed to revolutionize how products are identified and managed in the global supply chain.

The innovation leverages advanced intelligence and automation to streamline international trade, ensuring unparalleled efficiency and accuracy.

By implementing hierarchical, ontological, and self-referential codes, BEYOBO sets a new standard for efficiency, accuracy, and scalability in B2B cross-border transactions.

“Cross-border e-commerce has always been a global play for us. The consumption story of India has proven time and again that if the customers are provided with good quality products at affordable prices, there is a business to be built," said Anil Agrawal, CEO of BEYOBO.

Planning for IPO launch in 2026

Agrawal said BEYOBO is moving towards profitability and plans for an IPO launch in 2026. 

"At BEYOBO, we are dedicated to pushing the boundaries of what’s possible in cross-border trade with our innovative approach and cutting-edge technology. This patent is a testament to our team's hard work and innovative spirit. Now, as we enter large global markets like the US and UAE, we are also marching towards profitability and firming up our IPO plans for 2026," Agrawal added.

Backing from notable investors

BEYOBO is backed by notable investors such as Indian Angel Network, Hyderabad Angels, Inflection Point Ventures, SAN Angels, and ISF Network. The company is looking to turn profitable in Q3.

Currently, it has a monthly revenue of Rs 18 crore and aims to reach Rs 40 crore by October 2024.

Aiming for Rs 1,000 crore in revenue 

The target for FY closing revenues is approximately Rs 600 crore. BEYOBO plans to achieve monthly revenues exceeding Rs 1,000 crore by October 2025, with IPO plans in 2026.

With a proven product-market fit in India, BEYOBO is set to expand its unique value proposition to the UAE and USA markets. The company's strategic growth plan includes offering seamless solutions for global brands looking to enter new markets.

BEYOBO claims to have developed deep vendor relationships in markets such as Japan, Indonesia, Korea, China, Vietnam, Hong Kong, Singapore, Dubai, Malaysia, Bangladesh, Nepal, and Taiwan. He plans to leverage these connections to bring more brands to Indian, UAE, and USA consumers.