How Much Did Bizom Raise? Funding & Key Investors

Bizom has successfully raised $12 million in its Series B funding round, led by Pavestone with participation from IndiaMART and family offices. The platform is a retail intelligence solution that automates the retail supply chain, enhancing efficiency and growth.

Keep reading to explore the intricacies of Bizom's fundraising journey and the investors backing this innovative platform.

What Is Bizom?

Bizom, founded in 2012, is a retail intelligence platform based in Bangalore, Karnataka, India. The company was established by Lalit Bhise, Riyaz Hyder, Shree Kulkarni, and Vasudeva Manjunath. With a workforce of 251-500 employees, Bizom automates the retail supply chain, enhancing efficiency and growth for over 350 enterprises globally.

How Much Funding Has Bizom Raised?

1. Seed Round
   • Amount Raised: $300K
   • Date: March 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of Bizom's retail intelligence platform.
2. Non-Equity Assistance
   • Date: June 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To receive strategic support and resources without diluting equity.
3. Convertible Note
   • Amount Raised: $400K
   • Date: January 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To bridge the gap before the next equity funding round.
4. Venture Round
   • Amount Raised: $3.5M
   • Date: May 2018
   • Lead Investors: SIDBI Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product offerings.
5. Venture Round
   • Amount Raised: ₹11.4M
   • Date: May 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and scale operations.
6. Secondary Market
   • Amount Raised: ₹150M
   • Date: November 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
7. Series B
   • Amount Raised: $12M
   • Date: December 2024
   • Lead Investors: Pavestone
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product development, expand key accounts, and support AI-driven initiatives.

Total amount raised: $16.2M

Current valuation: Not publicly disclosed

Key Investors

• Pavestone Capital
  • Details: Pavestone Capital is a Hyderabad-based venture capital firm with a SEBI-registered alternate investment fund. They focus on early-stage B2B technology companies.
  • Investment Focus Areas: B2B technology, retail, FMCG.
  • Notable Investments: Bizom.
• IndiaMART
  • Details: IndiaMART is an online B2B marketplace that connects buyers with suppliers. It is one of the largest B2B marketplaces in India.
  • Investment Focus Areas: B2B marketplaces, technology-driven businesses, digital transformation.
  • Notable Investments: Bizom.
• SIDBI Venture Capital
  • Details: SIDBI Venture Capital is a venture capital firm that focuses on funding small and medium enterprises in India. It is a subsidiary of the Small Industries Development Bank of India (SIDBI).
  • Investment Focus Areas: SMEs, technology, manufacturing.
  • Notable Investments: Bizom.
• Family Offices
  • Details: Family offices are private wealth management advisory firms that serve ultra-high-net-worth individuals. They provide a range of services including investment management and financial planning.
  • Investment Focus Areas: Diverse sectors depending on the family's interests, including technology, real estate, and consumer goods.
  • Notable Investments: Bizom.

What's Next for Bizom?

Bizom stands at the cusp of significant growth opportunities. With the recent $12 million Series B funding, the company aims to scale its platform, enhance sales efficiency, and develop next-generation products like real intelligence infrastructure and augmented reality. Serving over 600 retail brands across 30 countries, Bizom is well-positioned to capitalize on the increasing demand for real-time trade visibility and advanced sales force automation.

Future fundraising opportunities appear promising as Bizom continues to innovate and expand its market reach. The successful Series B round, led by Pavestone and supported by IndiaMART, indicates strong investor confidence. However, challenges such as integrating advanced technologies, managing scalability, and navigating diverse regulatory environments in multiple countries could pose hurdles. Despite these challenges, Bizom's strategic focus on technological advancements and market expansion sets a robust foundation for future growth.

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