Bizongo, a tech-enabled B2B platform based in India, has reportedly raised $25m in funding led by Israeli VC Liquidity Group.
Many thought that the supply chain challenges brought about by the pandemic would ease once we returned to ‘normal, but this has not been the case, Tech Funding News said.
Founded in 2015 and headquartered in Mumbai, Bizongo aims to solve these problems.
is an online B2B marketplace catering to the diverse packaging and material handling industries. It strives to make packaging sourcing, distribution, inventory management, and design hassle-free for enterprises.
The company’s automated supply chain platform ensures availability of packaging for business with lower inventory, tackling challenges such as inventory stock out, excess inventory, and obsolescence that are common for enterprises.
Sachin Agrawa, co-founder and CEO, said, “Bizongo’s tech-first solutions have 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 in a market which is priming with opportunities. The credit line from Mars Growth Capital will fuel our expansion into more sectors.”
At the end of last year, Bizongo raised $110m in Series D funding led by New York-based Tiger Global Management.
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