Mumbai-based a B2B marketplace for industrial goods, Bizongo has raised an undisclosed amount of funding from Accel Partners.

US based Accel provides seed and early stage capital to companies in sectors such as infrastructure, technology, internet and consumer services, mobile, software and cloud-enabled services, media, life sciences and consumer products.

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Bizongo was started by Ankit Tomar, Aniket Deb and Sachin Agrawal, graduates  from IIT Bombay and IIT Delhi in October 2014  . The team consists of members who bring together a variety of rich experience from companies like Microsoft, Opera Solutions, Gravitas, ITC, PayPal, Infosys etc.

It  is a B2B marketplace catering to the massive Chemicals, Plastics and Packaging industry segments which  aims to become a one-stop solution for all business interaction and transaction.

The startup will use the money to build a unified platform for businesses in the plastics, chemicals and packaging industries to buy & sell products/ raw materials, as per a statement.

“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,”  Aniket Deb said while  Talking about their investment plans.

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.

 

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Sangeeta Ghosh

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