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B2B packaging startup Bizongo to expand its customer base with $25M funding

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B2B packaging startup Bizongo has secured $25 million in funding. Among other things, the company will use the money to expand its customer base for supply chain business. Tiger Global-backed packaging startup Bizongo has raised $25 million from Liquidity Group’s fund— Mars Growth Capital. Bizongo plans to utilize the funds to expand its customer base in the supply chain market, and enhance its Southeast Asian presence. Managing director at Mars Growth Capital and Global CRO of Liquidity Group, Yaron Primovich, said, "The investment will allow for 100% availability of packaging material and no stock-outs at extremely low inventory levels, as well as aid Bizongo's clients in decreasing their made-to-order product line procurement costs."  In 2015, IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar established Bizongo , a tech-enabled B2B platform that offers packaging solutions across diverse sectors such as consumer durables, fashion and lifestyl...