Bizongo Revenue, Valuation, Funding & Investors

Bizongo is valued at $980M as of March 2025.

Last Bizongo valuation

$980M

Series E · Mar 2025

Last Bizongo funding round

$5M

Series E · Mar 2025

Bizongo revenue

$18M

Series E · Oct 2023

Key investors in Bizongo

  • Chiratae Ventures
  • International Finance Corporation
  • Accel
  • B Capital
  • British International Investment
  • Schroder Adveq

Bizongo Overview

About Bizongo

Bizongo is a Mumbai-headquartered B2B e-commerce platform specializing in packaging materials, plastics, textiles, and apparel. It connects buyers directly with a network exceeding 1,500 verified manufacturers across India. The platform facilitates end-to-end supply chain processes including procurement, inventory financing, quality checks, and logistics delivery. Launched in 2015, Bizongo serves fast-moving consumer goods brands and exporters by digitizing sourcing for customized products. Its SaaS tools enable real-time pricing, order tracking, and payment reconciliation to streamline operations in fragmented markets.


Founded

2015

HQ

IndiaMumbai

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Revenue

$18M (Oct 2023)

Valuation

$980M (Mar 2025)

Bizongo Valuation

Bizongo is currently valued at $980M, based on its Series E in March 2025.

The $5M round included International Finance Corporation, B Capital, Accel and Chiratae Ventures.

Bizongo's valuation has grown 10x from $95M at its Series C in July 2019 to $980M in March 2025, across 5 priced rounds.

Bizongo valuation by funding round

Revenue multiple
Bizongo valuation by funding round
DateStageValuationRevenue Multiple
Mar 2025Series E$980M-
Oct 2023Series E$980M54.4x
Dec 2021Series D$600M-
Jan 2020Series C$96M-
Jul 2019Series C$95M-

Bizongo Revenue

Bizongo's latest recorded revenue is $18M, as of its Series E in October 2023. At a $980M valuation, that implies a 54.4x revenue multiple.

Bizongo revenue by funding round

Bizongo revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2023$18M$980M54.4xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Bizongo Funding History

Bizongo has raised a total of $295M across 9 funding rounds.

Bizongo's first fundraising round was a $3M Series A in November 2016. The most recent completed round was a $5M Series E in March 2025.

Bizongo funding rounds

Bizongo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025Series EInternational Finance Corporation; B Capital; Accel; Chiratae Ventures$5M$980MBizongo is a Bengaluru-headquartered B2B e-commerce platform focused on raw material procurement and distribution for SMEs, offering vendor management, supply-chain automation, and financing through its BizongoBuy marketplace. The company serves 450-500 enterprise customers and 7,000-8,000 SME vendors, with partnerships across more than 40 banks and non-bank financial companies. It has raised over $257 million across multiple rounds from investors including Accel, Tiger Global, B Capital, Chiratae Ventures, Schroder Adveq, IFC, and British International Investment. In its latest funding, Bizongo raised $4.5 million from Accel, B Capital, IFC, and Chiratae at a $980 million valuation, following a $50 million Series E round in October 2023 also at $980 million led by Schroder Adveq. Proceeds will scale operations threefold by December and expand categories. The company appointed Prahlad Krishnamurthi as CEO, succeeding founder Sachin Agrawal, who remains on the board; Krishnamurthi continues leading BizongoBuy. Bizongo targets break-even and profitability by the last quarter of FY26. It operates offices in Bangalore, Mumbai, and Delhi, having pivoted from packaging and textiles to broader vendor digitization in contract manufacturing.
Oct 2023Series ESchroder Adveq (lead); British International Investment; International Finance Corporation; B Capital; Chiratae Ventures$50M$980MBizongo is a B2B vendor-digitisation platform founded in 2015 by IIT graduates Sachin Agrawal, Aniket Tomar, and Aniket Deb, offering software-based vendor management, supply-chain automation, and financing solutions. Initially focused on packaging materials marketplace, it has expanded into textiles, apparel, contract manufacturing, and other segments, consolidating raw material and purchasing workflows primarily for small and medium-sized vendors. The company partners with over 40 banks and non-bank financial companies to provide loans to vendors and claims to reduce clients' packaging procurement costs by 2-5%. In its Series E funding round on October 4, 2023 (reported around October 19, 2023), Bizongo raised approximately $50 million (Rs 410 crore) from existing investors led by Schroder Adveq, with participation from B Capital, British International Investment, Chiratae Ventures, and International Finance Corporation. The round was completed at a post-money valuation of $980 million, marking a 60-63% increase from the previous $520 million valuation in August 2022. This funding aims to support profitability goals, with the company targeting profit before tax in the fiscal year ending March 2024, and it is in advanced discussions for an acquisition. Bizongo has shown strong customer growth, acquiring 99% of its 300 recent customers from traditional industries in the last two years, reaching 450-500 enterprise customers and 7,000-8,000 SME vendors on its platform, up from 175 customers and 2,500-3,000 vendors two years prior. In FY23, it reported a gross merchandise value of $800 million and generated $7-8 million in positive cash flow, while maintaining flat losses of around Rs 100 crore across FY21-FY23. FY24 net revenue is projected to grow 25-30% moderately as focus shifts to profitability. Previous acquisitions include Hexa and Clean Slate Technologies in 2022. The platform competes in the B2B e-commerce and supply chain space against players like Moglix, Industrybuying, and Tolexo, with prior raises including a $30 million Series C in 2020 led by Schroder Adveq and earlier Series B rounds totaling over $70 million by then.
Dec 2021Series DTiger Global (lead); Schroder Adveq (lead); Satyadharma Investment; British International Investment; International Finance Corporation; Castle Investment; Schroders Capital; B Capital; ADDventures; Chiratae Ventures$110M$600MBizongo is a B2B e-commerce and supply chain platform digitizing the fragmented market for made-to-order goods, particularly in packaging, textiles, and apparel. It operates an integrated model including BizongoBuy for commerce, BizongoFin for embedded financing, and BizongoShip for logistics, powered by AI-driven transaction scoring for SME risk assessment. The company serves over 120 enterprise customers and 3,000 partner factories, primarily in India with early international traction in Bangladesh, Thailand, Middle East, and UK. In December 2021, Bizongo raised $110 million in a Series D round led by Tiger Global, with participation from investors including B Capital, International Finance Corporation (IFC), Chiratae Ventures, Schroders Adveq (Adveq), ADDventures, and others matching the query. The round valued the company at $600 million post-money. Funds were allocated to expand business and tech teams, develop digital services for marketplace participants, nurture vendor partnerships, and convert over 100 factories into IoT-powered cloud factories. It also supported expansion of its digital supply chain financing platform, which had enabled early payments worth over Rs 1,000 crore to more than 1,000 SMEs. At the time of the round in November 2021, Bizongo reported an annual revenue run rate (ARR) of $250 million, reflecting 8X growth from pre-pandemic levels, alongside claims of positive cash flow and EBITDA profitability. The company had surpassed a $200 million ARR earlier in the fiscal year and targeted $300 million annualized revenue by fiscal year-end amid festive demand. Average contract value reached $2.4 million, with over 10 medium-to-large enterprise customers onboarded monthly since the pandemic. Bizongo's inventory-free operating model enhanced capital efficiency. It launched innovations like India's first IoT-powered cloud factory piloted with pharmaceutical packaging manufacturer Ansapack, and a global-first online bidding platform for real-time pricing in customized goods. Backed by prominent VCs, the company had raised over $239 million total by late 2021.
Apr 2021Series CADDventures (lead); British International Investment (lead); Schroder Adveq; International Finance Corporation; B Capital; Accel; Brun Raschle; Chiratae Ventures$51M-Bizongo is a B2B e-commerce platform that operates as an online marketplace for packaging and materials sourcing in India. The company serves medium-to-large enterprise customers and manufacturers, providing a cloud platform for procurement, packaging design, and supply chain management alongside collateral-free digital working capital solutions. The platform had over 120 enterprise customers and 3,000 partner factories as of October 2021. Bizongo closed its Series C funding round on April 26, 2021, raising $51 million in a mix of debt and equity. Investors included Accel Partners, B Capital, International Finance Corporation, CDC, Chiratae Ventures, Schroder Adveq, and AddVentures. By October 2021, six months after the Series C close, the company had achieved an annual revenue run rate exceeding $200 million and claimed profitability, with expectations to reach $300 million in annualized revenue by the end of fiscal year 2021-22. The company expanded internationally during this period, establishing early traction in Bangladesh, Thailand, the Middle East, and the UK across healthcare and fashion sectors.
Jan 2021Series CIDG Capital; British International Investment; International Finance Corporation; Accel; Chiratae Ventures$9M--
Jan 2020Series CSchroder Adveq (lead); International Finance Corporation; B Capital; Accel; Chiratae Ventures$30M$96MBizongo is a Mumbai-based B2B online marketplace for packaging materials, owned by SmartPaddle Technology Pvt Ltd, founded in 2015 by IIT alumni Aniket Deb, Sachin Agarwal, and Ankit Tomar. It provides end-to-end automated packaging solutions, including proprietary software like Design Square, Artwork Flow, and Procure Live, serving sectors such as FMCG, hospitality, F&B, retail, ecommerce, and industrial logistics. The platform helps businesses procure packaging materials like carry bags, protective packaging, cartons, and more, claiming to reduce client procurement costs by 2-5%. On January 27, 2020, Bizongo raised $30 million in its Series C funding round led by Switzerland-based hedge fund Schroder Adveq, with participation from existing investors B Capital, Accel, Chiratae Ventures, and International Finance Corporation (IFC). This followed a $22 million Series B in May 2018 led by B Capital and IFC, and a $15 million extended Series B in July 2019, bringing total funding to about $71.69 million at that point. The funds were earmarked for ramping up technology, expanding into sectors like pharma packaging, and increasing penetration across India. The Series C later expanded to $52 million with additional investments from CDC Group, Accel, and others like SCG's AddVentures, plus venture debt, pushing total funding over $100 million. Bizongo competes with platforms like Moglix, Industrybuying, and Tolexo in the B2B packaging space.
Jul 2019Series CInnoVen Capital (lead); International Finance Corporation; B Capital; Accel; Chiratae Ventures$15M$95M-
May 2018Series BB Capital (lead); International Finance Corporation (lead); Accel; Chiratae Ventures$22M--
Nov 2016Series AAccel (lead); Chiratae Ventures (lead); IDG Capital (lead)$3M--

Who has invested in Bizongo?

14 investors have backed Bizongo across its funding rounds, including Chiratae Ventures, International Finance Corporation, Accel, B Capital, British International Investment and Schroder Adveq.

Lead investors include Schroder Adveq, Tiger Global, ADDventures, British International Investment, InnoVen Capital and 5 other investors.


Bizongo Investors

Investors in Bizongo by funding rounds participated
InvestorHQRoundsRoleFirst check
Chiratae VenturesIndiaBangalore9LeadNov 2016
International Finance CorporationUnited StatesWashington, DC8LeadMay 2018
B CapitalUnited StatesLos Angeles, CA7LeadMay 2018
AccelUnited StatesPalo Alto, CA7LeadNov 2016
Schroder AdveqSwitzerlandZurich4LeadJan 2020
British International InvestmentUnited KingdomLondon4LeadJan 2021
IDG CapitalChinaBeijing2LeadNov 2016
ADDventuresSwitzerlandZurich2LeadApr 2021
Satyadharma InvestmentIndiaMumbai1ParticipantDec 2021
Tiger GlobalUnited StatesNew York City, NY1LeadDec 2021
Castle InvestmentIndiaMumbai1ParticipantDec 2021
Schroders CapitalUnited KingdomLondon1ParticipantDec 2021

This data is available for Pro users. Sign up to see all 14 Bizongo investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Bizongo

Bizongo has acquired 3 companies to date.

Last acquisition by Bizongo was on November 21st 2023. Bizongo acquired FactoryPlus for undisclosed valuation.


Latest Acquisitions by Bizongo

FactoryPlus
Clean Slate Technologies
Hexa
Description
FactoryPlus is a Kochi, India-based SaaS provider offering a cloud platform for small and medium manufacturing enterprises. The solution centralizes production planning, inventory tracking, procurement, and quality control, integrating with machinery for live data feeds. FactoryPlus serves over 500 factories in textiles, food processing, and engineering sectors across India, enabling paperless operations and compliance reporting. Launched in 2020, it processes millions of transactions monthly with mobile accessibility.
Clean Slate Technologies is an asset tracking provider using RFID and GPS for indoor and outdoor monitoring of equipment, inventory, and personnel. Its platform integrates with ERP systems for real-time visibility in warehouses, hospitals, and construction sites. Based in Hyderabad, India, the company deploys solutions for logistics firms and manufacturers across South Asia. Established in 2014, Clean Slate Technologies offers cloud dashboards and mobile alerts for over 200 clients.
Hexa is an India-based cloud platform connecting college students with hiring companies to boost campus placement rates. The service facilitates recruiter access to candidate profiles, interview scheduling, and job matching tailored for entry-level talent in IT, engineering, and management fields.
HQ CountryIndiaIndiaIndia
HQ City
Noida
Mumbai
Bangalore
Deal Date21 Nov 202321 Mar 202210 Jan 2022
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Bizongo acquisitions and their M&A valuation multiples.

Start Free Trial

Bizongo Competitors

Bizongo competitors include listed companies like Beijing United and Alibaba Group, and private ones like Jumbotail, CADDi, Huimin and SIRCLO.

Public and private companies comparable to Bizongo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JumbotailIndiaBangalorePrivate$88M-$1B11.4x
CADDiJapanTokyoPrivate--$1.1B-
HuiminChinaChinaPrivate--$506M-
SIRCLOIndonesiaJakartaPrivate--$343M-
Beijing UnitedChinaChinaPublicly listed$7.6B$373M$2.2B0.2x
Alibaba GroupChinaChinaPublicly listed$153B$15B$266B1.6x

Bizongo Public Comps

Bizongo is still privately-owned, but its public comps include Moonpig Group, Brainbees Solutions, Boozt, Chancemate, CEWE Group, Apotea, GoodRx, SFC Holdings, almeera and Tuhu Car.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Moonpig Group$501M$140M2.3x2.3x8.2x8.2x
Brainbees Solutions$866M$29M1.1x1.0x31.8x23.1x
Boozt$845M$71M1.1x1.0x13.0x10.3x
Chancemate$160M$19M3.7x4.3x30.9x28.1x
CEWE Group$1B$160M0.8x0.9x5.3x5.3x
Apotea$735M$47M1.1x1.0x17.6x14.3x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
SFC Holdings$252M$13M2.4x-45.7x-

This data is available for Pro users. Sign up to see all Bizongo competitors and their valuation data.

Start Free Trial

Common questions about Bizongo

When was Bizongo founded?Bizongo was founded in 2015.
Where is Bizongo headquartered?Bizongo is headquartered in Mumbai, India.
Is Bizongo publicly listed?No, Bizongo is a private, VC-backed company.
What is Bizongo's valuation?Bizongo was last valued at $980M in its Series E in March 2025.
How much funding has Bizongo raised?Bizongo has raised $295M across 9 funding rounds.
What was Bizongo's last funding round?Bizongo's last funding round was a $5M Series E in March 2025.
Who are Bizongo's investors?Bizongo's investors include Chiratae Ventures, International Finance Corporation, B Capital, Accel, Schroder Adveq, British International Investment, IDG Capital, ADDventures, Satyadharma Investment, Tiger Global and 4 others.
What is Bizongo's revenue?Bizongo's latest recorded revenue is $18M (October 2023).
What is Bizongo's revenue multiple?Bizongo's latest valuation implies a 54.4x revenue multiple ($980M valuation on $18M of revenue).
Which companies are comparable to Bizongo?Companies comparable to Bizongo include Jumbotail, CADDi, Huimin, SIRCLO, Beijing United and Alibaba Group.
How many companies has Bizongo acquired?Bizongo has acquired 3 companies, including FactoryPlus, Clean Slate Technologies and Hexa.

See companies similar to Bizongo

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial