INSUBCONTINENT EXCLUSIVE:
Bizongo, one of the largest business-to-business online marketplaces for packaging needs in India, has raised $30 million in fresh funding
round as it looks to widen its footprint in the nation and serve more categories.The new financing round, Series C, was led by
Switzerland-based hedge fund Schroder Adveq, which manages assets worth $10 billion
Existing investors B Capital, Accel, Chiratae Ventures, and IFC also participated in the round, the startup said.Mumbai-based Bizongo has
raised about $56 million to date
It was valued at about $96 million in its Series B financing round in 2018, according to an analysis of its regulatory filings.The
five-year-old startup serves as a marketplace for businesses to identify, buy, and sell material packing solutions across industries
It also offers packing design, development, and procurement solutions.Sachin Agarwal, chief operating officer and co-founder of Bizongo,
planning for our supply partners
On its website, it claims it works with over 750 manufacturers in India, and has delivered 290 million packaging units to date
It also claims to have served over 350 brands.In a statement, Aniket Deb, chief executive and co-founder of Bizongo, said the startup has
transforming and digitising the highly fragmented B2B packaging marketplace by leveraging technology and a unique supply chain efficiency
