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Bizongo secures USD 51 million in Series C funding The company aims to extend its modular digital service offerings to more product lines such as apparels and textiles in the made-to-order segment (l-r) Sachin, Aniket and Ankit of Bizongo Mumbai-based B2B marketplace for packaging, Bizongo has announced the completion of its Series C funding round with a total of USD 51 million. The latest tranche was led by CDC, a development finance institute owned by the UK government, and AddVentures- SCG’s corporate arm that engages with tech start-ups worldwide. The first tranche of the round had seen participation from Schroder Adveq and Bruno Raschle. Schroder Adveq is a leading private equity asset manager with over USD 10 billion under AUM. The round also saw participation from existing investors such as Accel, Chiratae and IFC. On the debt front, investments came from Strides, Trifecta Capital, ....
[Funding alert] B2B ecommerce player Bizongo completes $51M funding round Apart from the equity investments, the Mumbai-based company has also raised debt from Strides, Trifecta Capital, Tradecred, and IDFC First Bank, the B2B ecommerce player said. 0 claps $51 million fresh funding exercise, with investments from the British government s development finance body CDC and Thailand-based Addventures, a corporate arm of SCG. Commitments from the two new investors are the second tranche of the $51 million Series C funding efforts, an official statement said. Bizongo added that other investors who participated in the first tranche included Schroder Adveq, Bruno Raschle, and existing investors Accel, Chiratae, and IFC. ....
Bizongo, the business-to-business platform for The company has Amazon, Flipkart, Myntra, Swiggy, and Zomato among the clients using its B2B supply chain and vendor management solutions. ....