Bizongo elevates Prahlad Krishnamurthi as CEO; raises USD 4.5 mn in funding

New Delhi: B2B e-commerce platform Bizongo has elevated Prahlad Krishnamurthi because the CEO, efficient instantly. The Bengaluru-headquartered agency has additionally raised USD 4.5 million (about Rs 37 crore) in funding from Accel, B-Capital, IFC, and Chiratae, at a valuation of USD 980 million.

Krishnamurthi, who takes the CEO chair from firm Founder Sachin Agrawal, informed PTI that he’ll proceed heading the BizongoBuy enterprise — a B2B uncooked materials market for SMEs.

Agrawal will proceed to be a board member of Bizongo.

Bringing over 20 years of expertise, Krishnamurthi has beforehand held senior roles at Cleartrip, Flipkart, Infosys, and ITC Group.

In the meantime, the brand new funding follows the USD 50 million Collection E funding in October 2023.

Proceeds will probably be used to scale operations by thrice by the top of December and class growth, Krishnamurthi mentioned. The corporate has set targets to realize break-even and begin producing income by the final quarter of FY26, he added.

The agency, which is primarily into uncooked materials procurement and distribution, has workplaces in Bangalore, Mumbai and Delhi.