DC Advisory India acts as Exclusive Financial Advisor to Bizongo on its Growth Equity Investment
DC Advisory India acted as exclusive financial advisor to its client, Bizongo, a leading B2B online platform for packaging products in India, on its $30 million Series C fund raise led by Schroder Adveq, a Switzerland-based hedge fund with AUM of $10 billion+. The financing round was part of a consortium of existing investors including Accel, B Capital, Chiratae Ventures (formerly IDG Ventures India) and IFC (International Finance Corporation).
The current fund-raise will be utilized to ramp up Bizongo’s technology infrastructure and to expand its offerings to newer sectors. The investment will also be deployed to strengthen and further expand Bizongo’s presence across India.
Bizongo provides end-to-end packing design, development and procurement solutions through its proprietary technology platform.