Bizongo in April closed its Collection C funding spherical of $51 million. The corporate mentioned it’s now increasing into rising markets of South East Asia corresponding to Thailand, Indonesia, Malaysia and Vietnam and is beginning to service the developed markets of the US, Center East, Europe.
With Choksi’s counsel, Bizongo mentioned it goals to ramp up its efforts throughout digital vendor administration, provide chain automation, and provide chain financing. The corporate, which at present is into packaging, mentioned it desires to broaden its choices to textiles and clothes as nicely.
Mentioned Choksi, “With COVID-19 forcing companies to relook at their provide chains, Bizongo continues to rework and automate international provide chains for unbranded items. That is an thrilling time to mentor the Founders and work with the workforce at Bizongo as they construct India’s full stack B2B platform.”
Choksi was beforehand Chief Data Officer at Asian Paints. Choksi joined Asian Paints practically 30 years in the past, in 1992.
Aniket Deb, co-founder and CEO, Bizongo mentioned, “Manish brings with him an unmatched expertise in establishing companies in new geographies. As we glance to implement the brand new imaginative and prescient to be a world chief, his confirmed experience can be helpful in driving ahead Bizongo’s journey of changing into India’s very personal tech first B2B platform for unbranded merchandise. We’re extraordinarily enthused to welcome Manish on our advisory board and look ahead to studying from his counsel.”
Sachin Agrawal, co-founder and COO, Bizongo mentioned, “Each massive B2C/B2B eCommerce firm, whether or not it’s Amazon or Alibaba, has attained international management with provide chain innovation on the coronary heart of its enterprise mannequin. Beneath Manish’s management, Asian Paints too constructed a world-class provide chain for its merchandise by leveraging the ability of information and know-how. With Manish on board, we’re strongly positioned to intensify our efforts in direction of constructing the world’s first-ever auto replenishing B2B provide chain for unbranded items.”
Bizongo mentioned it has greater than 100 enterprise clients and greater than 1000 manufacturing companions.
The know-how firm is backed by Schroder Adveq, CDC Funding, AddVentures, Chiratae Ventures, B Capital Group, IFC and Accel.
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