Bizongo, founded in 2015 and headquartered in Mumbai, operates a B2B platform focused on digital vendor management, supply chain automation, and supply chain financing for enterprise customers across fashion & lifestyle, pharmaceuticals, consumer discretionary, and consumer staples. The company positions its software as an AI-powered vendor digitization and embedded financing platform. Bizongo serves roughly 450–500 enterprise customers and has tied up with over 40 banks and non-bank financial companies to provide unsecured financing to vendors. In October 2023 Bizongo raised $50 million in a Series E, bringing its total capital raised to $260 million. The articles list the company's website as https://www.bizongo.com/ and record the fundraising under Smartpaddle Technology Pvt. Ltd. Bizongo is an Indian tech-enabled B2B platform for made-to-order goods that digitizes vendor management and supply chains. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company focuses on packaging, textiles, apparel and other contract manufacturing goods. It offers packaging, apparels, agri products and more across industries such as consumer durables, fashion and lifestyle, textiles, pharmaceuticals, home and personal care. Bizongo operates proprietary digital platforms — Procure Live, Partner Hub and Artwork Flow — to deliver digital vendor management, supply chain automation and supply chain financing to enterprise customers. The platform has a network of over 6,300 partner factories and services more than 450 enterprise customers. The B2B e-commerce platform integrates with customers' end-to-end supply chain processes to deliver agility and transparency across the value chain. Bizongo is one of the largest business-to-business online marketplaces for packaging needs in India, serving businesses across industries. It operates a marketplace to identify, buy and sell material packaging solutions and also offers in-house packing design, development and procurement services. The company emphasizes a “100% availability of packaging material and no-stock-outs at very low inventory,” which it says reduces packaging procurement costs by 2–5% and improves production planning for supply partners. Bizongo works with more than 750 manufacturers, has delivered 290 million packaging units to date, and claims to have served over 350 brands; its customers span leading e-commerce, retail and FMCD industries. Management says it has seen a significant improvement in operating metrics since the last round and plans to use new funds to ramp up technology infrastructure, expand into sectors such as pharma packaging, and grow its presence in India. Bizongo operates a B2B technology marketplace that curates and on-boards SME packaging-material manufacturers and provides one-stop packaging solutions including boxes, containers, pouches, and bags. The company targets industries such as food & hospitality, FMCG, retail & wholesale, and e-commerce and counts clients including Myntra, Tata Cliq, and FirstCry. Bizongo says it has more than 2,500 registered SMEs and maintains warehouses in Mumbai, Bengaluru, and Delhi. Founded in 2015 by Aniket Deb, Ankit Tomar, and Sachin Agrawal (IIT alumni), the startup is Mumbai-based and owner-operated by Smartpaddle Technology Pvt. Ltd. It will use the fresh capital primarily to advance its technological platform and design functions. Smartpaddle Technology Pvt. Ltd. operates Bizongo, a Mumbai-based B2B marketplace that sells packaging products such as boxes, containers, pouches and bags to industries including food & hospitality, FMCG, retail & wholesale and e-commerce. The company was founded in April 2014 by Aniket Deb, Ankit Tomar and Sachin Agrawal, who are alumni of IIT Delhi and IIT Bombay. Bizongo reports that over 50% of its monthly revenues come from repeat customers. The startup plans to use new funding to expand its seller base, build automation, improve its supply chain and strengthen technology and operations teams. It is also looking to partner with large corporates, especially in retail and manufacturing, to handle procurement end-to-end. The company competes with other B2B marketplaces such as Industrybuying, Tolexo, BazarA2Z, Alliedhunt and Moglix.

Total raised

$130M

Funding rounds

5

Latest round

Series E

Latest activity

Oct 2023