Bizongo Raises $ 30 Million Is To Expand Market 

Switzerland based hedge fund Schroder Adveq led the funding round

 

What is Bizongo 

 

It is a B2B online marketplace offering packaging materials. It is a Mumbai based startup and they had a first round of funding which was completed on 27 January. After the rise of the funds the company is looking for the expansion of technologies. It was on hold for the longer period of time. They are also looking to increase the pharma packaging. 

 

The co-founder  and CEO of the Bizongo Aniket Deb quoted,” We are looking to expand into the newer pharma sections such as pharma packing”. This statement was made to ET.

 

This is not the first time that Bizongo is raising funds. In fact it is the second time, the first they have raised $22 Mn. It was led by B Capital along with the International Finance Company. It has seen considerable improvement and changes in the radical metrics as well.

It makes the product listing easy and thanks to the Bizongo proprietary software. 

 

Bizongo manages to procure the packaging solutions to the 350 clients that includes Flipkart, FirstCry, Bunge and many more. 

It is also a great marketplace like Moglix.