We have domestic marketplaces for B2B commerce. But what about cross-border?
New Delhi [India], September 10: The answer until now has been a mosaic of suppliers, intermediaries, logistics, payment gateways and processes which make international transactions happen. BEYOBO.ai wants to disrupt this landscape, by enab...
New Delhi [India], September 10: The answer until now has been a mosaic of suppliers, intermediaries, logistics, payment gateways and processes which make international transactions happen. BEYOBO.ai wants to disrupt this landscape, by enabling searching, comparing, ordering, paying and tracking international orders, just like in domestic marketplaces. A company looking to buy internationally, has to factor in a number of variables which are sourcing, supplier communication, product discovery, dealing with payments, logistics and customs duties. The world has digitized many aspects of international commerce, but not the entire buying cycle. What would it be like to have a marketplace without borders? That is the vision of BEYOBO.ai, a cross-border B2B marketplace that aims to connect international buyers and suppliers in a seamless end-to-end digital trade process.
The founder and CEO of BEYOBO, Anil Agarwal believes, if technology has enhanced domestic commerce, it should simplify global business just as much. Businesses are better connected to suppliers, manufacturers and other companies, via online marketplaces. But there are extra steps to buying products from an international supplier. While domestic marketplaces have created a competitive ecosystem of suppliers and buyers, international trade involves extra steps and players to make the trade happen- more players in the supply chain, and more complexity at every stage of the transaction. That is where BEYOBO comes in.
