Total amount raised
$334.8 Millions
Latest funding date
Location
Bizongo has successfully raised significant funding across multiple rounds, attracting notable investors such as Accel and the International Finance Corporation. The company offers a tech-enabled B2B platform that focuses on raw material procurement, vendor digitization, supply chain financing, and ESG scorecards.
Keep reading to explore the intricacies of Bizongo's fundraising journey and the investors backing this innovative platform.
What Is Bizongo?
Bizongo, founded in 2015 in Mumbai, Maharashtra, India, is a tech-enabled B2B platform specializing in raw material procurement, vendor digitization, supply chain financing, and ESG scorecards. The company was established by Aniket Deb, Ankit Tomar, and Sachin Agrawal.
Bizongo's platform focuses on packaging, textiles, apparel, and other contract manufacturing goods, aiming to digitally transform the fragmented B2B segment. The company leverages AI and ML to provide actionable insights and predictive intelligence.
With a workforce of 251-500 employees, Bizongo continues to innovate in the B2B e-commerce and supply chain space, offering solutions that enhance visibility and ensure compliance.
How Much Funding Has Bizongo Raised?
- Series E
- Amount Raised: $4.5M
- Date: March 2025
- Lead Investors: Accel
- Valuation at Round: $980M
- Motivation Behind the Round: To scale operations and expand category offerings, aiming for profitability by FY26.
- Series E
- Amount Raised: ₹4.2B
- Date: October 2023
- Lead Investors: Schroder Adveq
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support scaling operations and business growth.
- Debt Financing
- Amount Raised: $25M
- Date: August 2022
- Lead Investors: Mars Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance liquidity and support operational expenses.
- Series D
- Amount Raised: $110M
- Date: December 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series C
- Amount Raised: $51M
- Date: April 2021
- Lead Investors: AddVentures, British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand product offerings.
- Debt Financing
- Amount Raised: $15M
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs.
- Series C
- Amount Raised: ₹683.5M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion and technological advancements.
- Series C
- Amount Raised: $30M
- Date: January 2020
- Lead Investors: Schroder Adveq
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Series C
- Amount Raised: $15M
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and operational growth.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance business capabilities and market reach.
Total Amount Raised: $240.2M
Current Valuation: $980M
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage companies. It has a strong track record of backing successful startups.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Facebook, Dropbox, Slack.
- International Finance Corporation (IFC)
- Details: IFC is a member of the World Bank Group, focusing on private sector development in developing countries. It provides investment and advisory services to promote economic growth.
- Investment Focus Areas: Infrastructure, manufacturing, agribusiness, services.
- Notable Investments: Airtel Africa, Byju's, Flipkart.
- B-Capital
- Details: B-Capital is a venture capital firm that invests in transformative technology companies. It aims to support companies that are reshaping large industries.
- Investment Focus Areas: Enterprise software, fintech, healthcare, consumer enablement.
- Notable Investments: Bird, Ninja Van, Atomwise.
- Chiratae Ventures
- Details: Chiratae Ventures, formerly known as IDG Ventures India, is an Indian venture capital firm. It invests in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Myntra, Lenskart, CureFit.
- Schroder Adveq
- Details: Schroder Adveq is a global private equity investment firm. It focuses on providing institutional investors with access to private equity markets.
- Investment Focus Areas: Private equity, venture capital, growth capital.
- Notable Investments: Not publicly disclosed.
What's Next for Bizongo?
Bizongo's future looks promising with plans to scale operations threefold by the end of December and expand its category offerings. The company aims to achieve break-even and generate profits by the last quarter of FY26, leveraging the recent $4.5 million funding round and the expertise of its new CEO, Prahlad Krishnamurthi.
As the B2B e-commerce sector continues to grow, Bizongo is well-positioned to capitalize on industry trends such as increased investment in raw material procurement and distribution for SMEs. However, the company faces challenges in meeting its ambitious growth targets and managing competition. Future fundraising rounds and potential acquisitions may be on the horizon to support these expansion efforts.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Bizongo and gather other critical business insights. Sign up for free today and elevate your sales strategy with the power of detailed, actionable information.
