Bizongo provides a business-to-business (B2B) marketplace. It digitally transforms vendor management and supply chain for enterprises and provides supply chain financing. The company serves chemicals, plastics, packaging, pharmaceutical industry segments, and more. The company was founded in 2015 and is based in Mumbai, India.
ESPs containing Bizongo
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The packaging procurement platforms market offers solutions to streamline and automate the packaging procurement process, providing visibility of end-to-end operations on a near-real time basis. It addresses challenges such as limited options for resellers/retailers and wholesalers, the need for precision in custom packaging design and quoting, and the increasing number of damaged goods, high desi…
Bizongo's Products & Differentiators
Platform for buyers to catalogue products, discover vendors and prices, associate them, place orders manually or automate it
Research containing Bizongo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bizongo in 3 CB Insights research briefs, most recently on Aug 11, 2022.
Expert Collections containing Bizongo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bizongo is included in 3 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Packaging & Labeling Tech
Companies providing traditional and tech-enabled packaging and labeling solutions for brands.
Latest Bizongo News
Aug 14, 2023
Business Telegraph August 14, 2023 Aug. 14, 2023 at 5:20 am As digital transformation is slowly becoming a norm over choice, small businesses are looking to understand how digitalisation can serve them best. To aid them in the process, many companies have now come forward with customised solutions, ranging from building an ERP system to digitising their inventory. In a conversation with ET Digital, Sachin Agrawal, Co-founder & CEO, Bizongo , talks about vendor digitisation for enterprises and MSMEs. Edited excerpts: Economic Times (ET): What are the challenges when it comes to bringing traditional small businesses to a digital platform? Sachin Agarwal (SA): In my opinion, the success of a business hinges on its ability to adapt to the latest technology trends. However, SMEs are still battling the hefty investment required for deploying advanced technologies and improving output. Global statistics reveal that more than 90% of SMEs encounter multiple hurdles while integrating technology into their operational processes.Through my conversation with SMEs over the years, I have realised that they are often unaware of the significant impact that digital transformation can have on business growth, customer retention and customer experience. Consequently, the decision to adopt a digital transformation road map is frequently postponed or neglected altogether. Digital technologies continuously advance, offering customers faster and easier ways to conduct business. SMEs often feel overwhelmed by this rapid pace of change, leading to resistance in adopting these technologies to enhance their operations. Moreover, the financial burden of investing in smart devices, top-notch internet, and cloud services, and hiring skilled employees to manage the transformation adds to their concerns. Besides, conventional businesses find it challenging to store, organise, analyse, and turn data into useful insights for making business decisions. ET: How is digitalisation supposed to help India’s small businesses? SA: Technology adoption holds multifold benefits for Indian SMEs. Firstly, it boosts productivity by automating tasks like accounting and inventory management, freeing up time for strategic work. Secondly, it improves customer experience through better communication channels like social media and chatbots, increasing customer loyalty. Thirdly, technology enables easy scaling up without inflated costs, allowing efficient collaboration with remote workers. Embracing technology helps SMEs stay competitive, offer innovative products and make decisions based on data for long-term success and growth opportunities.ET: What are some of the sectors willing to take the leap here? SA: The steel, auto, agricultural and textiles sectors are among the most eager to embrace digitalisation. They are leveraging cutting-edge technologies to enhance efficiency, productivity, and sustainability in their respective industries. ET: How can small businesses navigate uncertainty in the market using these tech tools given the slowdown in the global supply chain ? SA: One of our proprietary solutions includes a confidence score of MSMEs, which captures more than 50 live data points and compares them to millions of past B2B transactions. This helps in identifying potential risks and ensuring proactive actions and smooth supply chain operations for enterprises. Leveraging this data, we are also offering embedded financing through partner banks and NBFCs who can evaluate SMEs based on deep transactional and behavioural insights, allowing them to take better financing calls on SMEs and making it a potent tool for SME growth. AI-driven analytics also help vendors identify the right products. We have also implemented data-driven decision-making systems to ensure that the right products are sourced at the right price, thus streamlining the entire process and reducing manual errors. This enables customers to reduce costs associated with bulk procurement by automating the process and tracking orders and managing inventory in real time. ET: Tell us about Bizongo’s InLocate 6.0 solution. SA: Business growth is exciting, but it can get tricky if warehouse operations are not optimised with effective inventory tracking technology. While the staff on the ground can manually feed information into their warehouse management systems, goods tend to get mislabelled or stocked in the wrong aisles due to modelled human errors. The inevitable cascading effect on the next set of inventory units makes it practically impossible to track goods and ship inventory faster. Oftentimes, a factory’s expensive man hours, which could be used to enhance productivity, are spent searching for the possible location of goods. This makes it even more important to have a physical tracking technology solution that can be used in conjunction with RFID, a warehouse management system and a barcode-based solution to optimise efficiency. Our internal positioning system, InLocate 6.0 has the potential to transform tracking inventory, machinery and people with an accuracy of 10 cm in indoor and outdoor environments. The bottleneck range is 2 to 20 metres. The patented technology enables live location visibility, process monitoring, deviation alerts and provides data-driven insights. ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Watch Now .
Bizongo Frequently Asked Questions (FAQ)
When was Bizongo founded?
Bizongo was founded in 2015.
Where is Bizongo's headquarters?
Bizongo's headquarters is located at 3rd Floor, A Wing, Krislon House, Mumbai.
What is Bizongo's latest funding round?
Bizongo's latest funding round is Debt - III.
How much did Bizongo raise?
Bizongo raised a total of $251.05M.
Who are the investors of Bizongo?
Investors of Bizongo include Mars Growth Capital, Chiratae Ventures, International Finance Corporation, B Capital Group, British International Investment and 14 more.
Who are Bizongo's competitors?
Competitors of Bizongo include Udaan and 7 more.
What products does Bizongo offer?
Bizongo's products include Procure Live and 1 more.
Compare Bizongo to Competitors
Knowde offers a marketplace for ingredients, polymers, and chemistry. It allows users to search for various chemical products and ingredients such as construction adhesives, furniture adhesives, aerospace coatings, industrial coatings, beer brewing ingredients, and more. The company was founded in 2017 and is based in San Jose, California.
Kemgo is a B2B e-commerce platform for the petrochemical industry. The company enables suppliers and buyers of chemicals, polymers and fertilizers to source the best chemical deals globally – increasing flexibility and visibility, and reducing operating costs for all of users.
ChemDirect is an online marketplace for the chemical industry. It connects chemical buyers with vetted suppliers to help them buy and sell chemicals. It serves industries such as automotive, paints and coatings, healthcare, cleaning and sanitation, food and nutrition, electronics, personal care, agriculture, manufacturing, construction, printing, packaging, and consumer products. ChemDirect was founded in 2018 and is based in Green Bay, Wisconsin.
BluePallet is an end-to-end industrial commerce platform that enables users to buy raw materials manufactured, distributed, and sold by verified suppliers. The platform provides features such as order tracking, regional inventories, easy reorders, distribution control, electronic payments, and quality connections. BluePallet was formerly known as Echo System. The company was founded in 2017 and is based in Austin, Texas.
Moglix operates as a business-to-business (B2B) commerce company. The company provides procurement of industrial supplies, in particular, safety, electrical and lighting, cleaning and laundry supplies, office supplies, tools, and other industry essentials. The company was founded in 2015 and is based in Singapore, Singapore.
Transcend Packaging provides sustainable packaging solutions for businesses. It provides a range of sustainable, recyclable, and compostable packaging products. Its offerings include industrial straws, paper cups, paper cutlery, and more. The company was founded in 2018 and is based in South Wales, U.K.