# Bizongo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bizongo

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.bizongo.com
- Total disclosed funding: $228M
- Latest round: Series E (Mar 20, 2025)
- Investors on record: 13

## About

Founded in 2015 by co-founders Aniket Deb, Sachin Agrawal, and Ankit Tomar and based in Mumbai, India, Smartpaddle Technology Pvt. Ltd., trading under the name Bizongo, is a provider of an online marketplace platform for commercial packaging that enables businesses to avail of packaging design, artwork management, logistics, and vendor monitoring services. In March 2025, Bizongo raised USD 4.5 million in venture funding from Accel, B Capital Group, International Finance Corporation, and Chiratae Ventures. Bizongo's platform allows businesses to onboard and collaborate with all the vendors in one centralized location. This streamlines communication, standardizes workflows, and provides complete control over the procure-to-pay lifecycle. The platform leverages AI and ML to offer businesses real-time insights into their supply chains, including vendor performance, raw material procurement, and potential risks. This data helps companies optimize their operations, reduce costs, and make better procurement decisions. Additionally, the software integrates with a network of financial institutions to offer embedded supply chain financing. This feature allows businesses to provide their vendors with access to working capital, even if they have limited credit histories. Bizongo's AI-powered transaction score helps assess risk and facilitate financing decisions. Furthermore, the tool assists businesses in maintaining compliance by centralizing documentation, facilitating secure transactions, and offering a clear view of vendor raw material purchases.

## Funding rounds

- Series E, Mar 20, 2025, $3.4M — Accel, Chiratae Ventures, [DUP] International Finance Corporation, B Capital
- Series E, Oct 10, 2023, $45M — Schroders Capital, International Finance Corporation, British International Investment, Chiratae Ventures, IFC Asset Management Company, B Capital
- Series D, Dec 15, 2021, $108M — Schroders Capital, British International Investment, Chiratae Ventures, Tiger Global Management, [DUP] International Finance Corporation, B Capital, AddVentures, Castle Investments, Satyadharma Investments & Trading Co. Ltd.
- Series C, Apr 26, 2021 — Accel, Schroders Capital, British International Investment, Chiratae Ventures, [DUP] International Finance Corporation, AddVentures
- Series C, Jan 27, 2020, $30M — Accel, Schroders Capital, Chiratae Ventures, [DUP] International Finance Corporation, B Capital
- Series C, Jul 10, 2019, $15M — Accel, Chiratae Ventures, [DUP] International Finance Corporation, B Capital
- Series B, May 2, 2018, $22M — Accel, IDG Capital, Chiratae Ventures, [DUP] International Finance Corporation, B Capital
- Series A, Sep 8, 2016, $3M — Accel, IDG Capital, Chiratae Ventures
- Seed, Oct 3, 2015, $0.7M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B, Series C, Series E
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A, Series B, Series C, Series D, Series E
- [DUP] International Finance Corporation — Series B, Series C, Series D, Series E
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series B, Series C, Series D, Series E
- Schroders Capital (https://capitalatlas.ai/funds/schroders-capital) — Series C, Series D, Series E
- British International Investment — Series C, Series D, Series E
- AddVentures (https://capitalatlas.ai/funds/addventures) — Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Castle Investments — Series D
- Satyadharma Investments & Trading Co. Ltd. — Series D
- International Finance Corporation — Series E
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series E