PE-VC Fund Investments
Packaging platform DCG raises $1.75 M from GVFL, others
Gurugram-based B2B (business-to-business) packaging platform DCG Tech has raised INR 15 crore in a Pre-Series A round led by GVFL (investing INR 10 crore), with participation from Auxano Capital and the promoters.Founded in 2005 by Suresh Bansal and Subhasish Chakraborty, DCGpac.COM manufactures and supplies packing materials like corrugated boxes, courier bags, bubble films, designer boxes across India.The fresh funds will be used by the company for accelerating growth, enhancing the technology and for the expansion of international operations. The firm also plans to introduce innovative models such as RePac for reusable packaging to support circular economy and warehouse products.
Between Mar-19 and Apr-22, DCGpac has raised funding from Alok Bansal, Haldiram Family Office, Venture Catalysts Angels, IP Ventures, and others.For FY24, DCGpac had reported about INR 96.46Cr in Operating Income and about INR .23 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
