Bizongo

Key Highlights:

  • B2B packaging startup Bizongo has secured $25 Mn funding from Mars Growth Capital.
  • Bizongo provides digital vendor management and supply chain automation services through its proprietary digital platforms-Procure Live, Partner Hub, and Artwork Flow.
  • It competes with Vistaprint and Bambrew In the packaging segment, while in the vendor management, it competes with Sirion Labs, Zoho, and Freshworks.

B2B packaging startup Bizongo has secured $25 Mn funding from Mars Growth Capital.

The startup was founded by IIT graduates–Aniket Deb, Sachin Agrawal and Ankit Tomar in 2015. This is a tech-enabled B2B platform that offers packaging solutions in a variety of industries including consumer durables, fashion, textiles, consumer discretionary, pharmaceuticals, and home care and personal care.

Additionally, Bizongo provides digital vendor management and supply chain automation services through its proprietary digital platforms-Procure Live, Partner Hub, and Artwork Flow. The Bizongo product line consists of carrying bags, bulk packaging, cartons, pouches, tubes, containers, cans, and shippers.

With these funds, Bizongo plans to expand its footprint in Southeast Asia and grow its customer base for the supply chain business.

The managing director at Mars Growth Capital and the Global CRO of Liquidity Group, Yaron Primovich said, “With the funding, Bizongo will be able to ensure 100% availability of packaging materials and no stockouts at a deficient inventory level, as well as reduce the cost of procuring made-to-order products for its clients.”

Bizongo acquired IoT startup, Clean Slate, for an undisclosed amount in March. In February of this year, it bought back ESOPs worth $3.7 million.

A Series D funding round of $110 Mn was raised by Bizongo in 2021 at a post-money valuation of $600 Mn led by Tiger Global.

With more than 1,500 manufacturers across India, the company claims to have a capacity of 2 million tonnes of goods per month. According to the company, more than 860 million units have been delivered to over 120 clients. Its clients are Flipkart, Tata Cliq, Firstcry, Ecom Express, and Licious.

It competes with Vistaprint and Bambrew In the packaging segment, while in the vendor management, it competes with Sirion Labs, Zoho, and Freshworks.

During 2020-2025, India’s packaging market is expected to grow at a CAGR of 26.7%, from $50.5 Bn in 2019 to $204.81 Bn by 2025.

To get regular updates on funding new, visit Alphafirms.

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