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.
The company is targeting the cross-border B2B space to build a marketplace where international suppliers can connect with a wider network of buyers and buyers can source products more efficiently. Beyobo vision is to enable international buyers to shop online, just like they do it domestically. BEYOBO – Marketplace Without Borders What lies at the heart of BEYOBO’s vision is the philosophy that international sourcing should be as simple as domestic commerce. It is critical for suppliers to showcase their products globally, and buyers should be able to discover products with minimal effort. In addition, businesses that engage in international trade should not deal with each element of the supply chain. From quality control to payment gateways and logistics, BEYOBO is focused on end-to-end international trade solutions. BEYOBO aims to disrupt the international trade space, in the manner in which domestic marketplaces have shaken up the business world.
Everything will focus on convenience, as opposed to having to deal with multiple players in international sourcing. A marketplace typically starts in a city and then expands its reach nationally.
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