Private Equity

PE Fund Investments

B2B packaging startup Bizongo raises $25-M from Mars Growth Capital

INC42  

Mumbai-headquartered B2B packaging startup Bizongo has raised USD 25 million from Liquidity Group's fund - Mars Growth Capital. It will use the capital to expand its supply chain and credit solutions and also its footprint in Southeast Asia. Bizongo's product offerings include carry bags, material handling equipment, protective packaging, cans, shippers, paper products, bulk packaging and cartons. In 2021, it had raised USD 110 million in a Series D funding round, led by Tiger Global, at a post-money valuation of USD 600 million. Founded in 2015, Bizongo offers packaging solutions across consumer durables, fashion and lifestyle, textiles, consumer discretionary, pharmaceuticals, home and personal care sectors. It also offers supply chain automation, financing, and digital vendor management services via its proprietary digital platforms - Procure Live, Partner Hub, and Artwork Flow.