B2B Industrial Goods Marketplace Bizongo Raises Seed Funding From Accel Partners

Bizongo, a Mumbai-based B2B marketplace for industrial goods, has raised an undisclosed amount in seed funding from Accel Partners. The funding will be used to build a unified platform for businesses in the plastics, chemicals and packaging industries to buy and sell products/raw materials.
“Bizongo is launching a mobile application for suppliers to help them manage inventory, prices, inquiries, orders and live chat with potential buyers. We are also streamlining our logistics services to cater to wider geographies and achieve cost optimization through demand aggregation,” said, Aniket Deb, co-founder of Smartpaddle Technology Pvt Ltd, which runs Bizongo.
The startup aims to become a one-stop solution for all business interactions and transactions in the sector. According to the company, there’s an inevitable need in India for a marketplace which can provide the complete experience of selecting the right product, seamless communication between buyer/seller and secure transactions which Bizongo is trying to address.
Started by three former IIT-ians, Aniket Deb, Ankit Tomar and Sachin Agrawal in October, 2014, the company enables Indian SMEs, manufacturers and dealers online,helps them buy and sell ‘on the go’ through minimal effort.
Bizongo claims to have served over 2000 customers within a few months. The platform, currently, lists over 2000 products on the platform which belong to product categories like Construction Chemicals, Paints, Material Handling, Disposable Plastics and Plastic Raw Materials, etc.
The chemicals, plastics and packaging industry in India are worth $170 Bn. In September this year, Industrybuying.com, a New Delhi-based B2B marketplace, had raised $ 9 Mn in its Series B round of funding, led by Kalaari Capital. Bizongo faces competition from the likes of Tolexo, BazarA2Z, Alliedhunt and other tech startups. On the global front, ecommerce giant Amazon has launched its wholesale ecommerce property Amazon Supply. Alibaba too had launched a new site for B2B under the name 1688.com.
Share this:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with