Tiger Global-Backed Packaging Startup Bizongo Secures $25 Mn To Offer Supply Chain And Credit Solutions To Businesses

B2B packaging startup Bizongo has secured $25 Mn from Liquidity Group’s fund— Mars Growth Capital.

Bizongo will use the capital to expand its footprint in Southeast Asia and grow its customer base for supply chain business.

“The funding will allow for 100% availability of packaging material and no-stock-outs at very low inventory level, as well as help Bizongo’s clients to reduce their made-to-order product line procurement cost,” said Yaron Primovich, managing director at Mars Growth Capital and the Global CRO of Liquidity Group.

Founded in 2015 by IIT graduates–Aniket Deb, Sachin Agrawal and Ankit Tomar, Bizongo is a tech-enabled B2B platform that offers packaging solutions across diverse sectors including consumer durables, fashion and lifestyle, textiles, consumer discretionary, pharmaceuticals, home and personal care.

Besides, Bizongo also offers supply chain automation and financing, and digital vendor management services via its proprietary digital platforms–Procure Live, Partner Hub, and Artwork Flow.

“Bizongo has powered Indian manufacturers to automate their supply chain, access working capital and increase their clientele. We want to bring similar benefits to manufacturers across SE Asia and help them scale. The credit line from Mars Growth Capital will fuel our expansion into more sectors,” Agrawal said.

Bizongo’s product offerings include carry bags, material handling equipment, protective packaging, pouches and tubes, packaging, containers, cans, shippers, paper products, bulk packaging and cartons. 

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

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

 Tiger Global-Backed Packaging Startup Bizongo Secures $25 Mn. Congratulation to the entire team at bizongo. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to ashu@startuplanes.com