M&A

M&A

B2B trade enablement co Bizongo acqui-hires IoT-solutions provider Clean Slate

Business Line  

Bizongo, a full-stack B2B trade enablement platform backed by Tiger Global, has acquired Mumbai-based IoT and Real-Time Location Services (RTLS) solutions provider Clean Slate Technologies. Founded in 2016 by IIT Bombay and SRM Chennai alumni, Mayank Sharma, Siddharth Desai and Anubhaw Kumar, Clean Slate remains a bootstrapped startup. Its team including Desai, Sharma and Kumar will join Bizongo. Clean Slate's proprietary technologies - Kreto sensors and inLocate (tracking software engine) - have helped in the digital transformation journeys of firms across automotive, films and packaging, metals and engineering. Following its Series-D funding in December 2021, Bizongo announced the launch of an IOT-enabled cloud factory for made-to-order goods. Through this acquisition, Bizongo aims to equip more than 100 Indian factories with its IoT-powered cloud factory solution by 2023.