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”.