Bizongo gets $30 Million in funding

Bizongo has raised $30 Million (INR 213.99 Cr) in Series C Funding

Based out of Mumbai, Bizongo, a business-to-business online marketplace for packaging needs, has raised $30 million in Series C funding round led by Swiss hedge fund Schroder Adveq.

 Bizongo is planning to expand in the nation and also to add more categories.

To date, Bizongo has raised up to $56 million. 

According to Sachin Agarwal, COO and co-founder of Bizongo said their startup offers a USP of promising a “100% availability of packaging material and no-stock-outs at very low inventory”.

Ensuring better production and low cost, Sachin Aggarwal also added, “This helps clients to reduce their packaging material procurement cost by 2-5% and at the same time ensures better production planning for our supply partners. This creates a strong value proposition for all stakeholders across the value chain”.

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