Bizongo raised $51 Mn In Series C Funding

B2B platform for packaging materials, Bizongo has closed its series C round at $51 Mn, raised as a mix of equity and debt, led by UK-government’s development finance institution, CDC Group, and AddVentures.The startup plans to use the funds to extend its digital services to new domains such as apparel and textiles and looks to expand its offerings into the Southeast Asian market.

Bizongo solves supply chain gaps and helps its B2B customers get access to packaging materials such as boxes, containers, pouches and bags, directly from manufacturers.It offers two product lines—its proprietary vendor management platform, Procure Live, and supply chain digitization and automation product, Partner Hub. 

“As a co-founder, I am extremely proud that the team has demonstrated tremendous grit and resilience through the past year. Bizongo has shown more than three-fold growth since the completion of the latest round of fundraising and is now inches away from profitability," said Aniket Deb, co-founder and chief executive officer at Bizongo.

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