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Tiger Global-Backed Packaging Startup Bizongo bags $25 million in funding

Bizongo, a B2B packaging firm, has secured $25 million in investment from Mars Growth Capital, a division of Liquidity Group. The cash will be used to extend the company’s foothold in Southeast Asia plus build its supply chain client base. Bizongo, situated in Mumbai, was formed in 2015 by IIT grads Ankit Tomar, Sachin Agrawal, and Ankit Deb. It is a technology-enabled B2B platform that offers packaging solutions in industries such as consumer durables, fashion, and lifestyle, textiles, consumer discretionary, pharmaceuticals, and home & personal care.

Through its digital platforms – Procure Live, Partner Hub, and Artwork Flow – it also provides supply chain automation & finance, as well as digital vendor management services. Through its two platforms, Procure Live and Partner Hub, the firm has over 300 commercial customers and more than 3,000 partner factories. “Bizongo has enabled Indian firms to streamline their supply chain, get access to working capital, and expand their customer base.” We hope to deliver comparable benefits to firms throughout Southeast Asia and assist them in scaling. “The loan line from Mars Growth Capital will help us expand into new markets,” said Sachin Agrawal, co-founder of Bizongo.

Carry bags, material handling equipment, protective packaging, pouches & tubes, packaging, containers, cans, shippers, paper goods, bulk packaging, and cartons are among the company’s product offerings. “The funding will enable 100 percent availability of packaging material and no stock-outs at very low inventory levels, as well as assist Bizongo’s clients in lowering their made-to-order product line procurement costs,” said Yaron Primovich, managing director at Mars Growth Capital and Global CRO of Liquidity Group. In March, it paid an undisclosed sum for the acquisition of IoT company Clean Slate.

About Bizongo

Bizongo is India’s largest B2B portal for custom-made goods. Aniket Deb, Sachin Agrawal, & Ankit Tomar, three IIT graduates, created Bizongo in 2015 to unify the fragmented and unbranded yet distinctive and omnipresent B2B industry of Made-to-Order items. Bizongo, which focuses on improving supply chains for unbranded items, provides businesses with services such as vendor management, supply chain automation, & cash flow optimization using proprietary digital platforms such as Procure Live, Artwork Flow, and Partner Hub. With its suite of digital services, Bizongo promises to empower businesses with lower operational overhead, cost reductions, and better contract administration in an era of rising commodity costs.

Bizongo seems to be a fascinating startup with a motivating turn of events on the internet marketplace platforms. Best wishes for the new startup business venture.

Shishir Gupta, Founder and CEO, StartupLanes

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