About Bizongo
Bizongo is a company based in Mumbai (India) founded in 2015 by Sachin Agrawal. Bizongo has raised $257.08 million across 16 funding rounds from investors including IDFC First Bank, Accel and International Finance Corporation. The company has 250 employees as of June 03, 2025. Bizongo has completed 3 acquisitions, including Clean Slate Technologies, FactoryPlus and GoHexa. Bizongo offers products and services including Vendor Digitization Platform, InstaInvoice, and GoBiz Tender. Bizongo operates in a competitive market with competitors including FlexiLoans, Coupa, Funding Societies, Lendingkart and Ivalua, among others.
- Headquarter Mumbai, India
- Employees 250 as on 03 Jun, 2025
- Founders Sachin Agrawal
- Stage Soonicorn
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Sectors
RetailFinancial Services Technology
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Email
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Phone
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Website
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Social
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- Legal Name Smartpaddle Technology Private Limited
- Date of Incorporation 28 Mar, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$22.24 M (USD)0as on Mar 31, 2023
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Net Profit
-$35.06 M (USD)0as on Mar 31, 2023
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EBITDA
-$18.44 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$257.08 M (USD)
in 16 rounds
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Latest Funding Round
$4.5 M (USD), Series E
Mar 11, 2025
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Investors
IDFC First Bank
& 33 more
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Employee Count
250
as on Jun 03, 2025
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Investments & Acquisitions
Clean Slate Technologies
& 2 more
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Products & Services of Bizongo
Bizongo offers a comprehensive portfolio of products and services, including Vendor Digitization Platform, InstaInvoice, and GoBiz Tender.
Platform for digitizing vendor ecosystems and supply chain integration.
Tool to generate accurate GST e-invoices quickly.
Platform for managing business tenders and transactions.
Funding Insights of Bizongo
Bizongo has successfully raised a total of $257.08M across 16 strategic funding rounds. The most recent funding activity was a Series E round of $4.5 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Bizongo
Bizongo has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IDFC First Bank, Accel and International Finance Corporation.
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Accel is recognized as a leading venture capital firm.
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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IFC is focused on private sector development in emerging markets.
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Investor details for Bizongo
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Investments & Acquisitions by Bizongo
Bizongo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Clean Slate Technologies, FactoryPlus and GoHexa.
Investment portfolio details for Bizongo
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based factory management software is offered for manufacturers.
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AI and cloud-based student assessments are delivered to colleges.
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Cloud-based proximity marketing platform for retailers
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Locked | Locked | 2016 | Locked |
Complete acquisition details for Bizongo
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Financial Statements - Bizongo
Detailed financials for Bizongo
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Bizongo Comparisons
Peer comparison for Bizongo
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Competitors of Bizongo
Bizongo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FlexiLoans, Coupa, Funding Societies, Lendingkart and Ivalua, among others.
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Business loans and financial products for MSMEs are provided.
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Cloud-based end-to-end spend management software is delivered for businesses.
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Business loans are provided via a P2P marketplace platform.
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Provider of unsecured business loans and working capital financing to MSMEs
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Procurement management solutions are delivered for business operations.
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Detailed competitors of Bizongo
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Latest news on Bizongo
Complete news archive for Bizongo
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Frequently Asked Questions about Bizongo
Bizongo was founded in 2015.
Bizongo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sachin Agrawal is the current CEO of Bizongo. They have also founded this company.
Bizongo is a funded company, having raised a total of $257.08M across 16 funding rounds to date.
As of Jun 03, 2025, the latest employee count at Bizongo is 250.
Annual revenue of Bizongo is $22.24M as on Mar 31, 2023.
Bizongo was founded in 2015 and is headquartered in Mumbai, India. A platform is operated to deliver AI-driven tools for vendor digitization, procurement management, and supply chain financing. Services include digital vendor management, material procurement oversight, packaging sourcing, and purchase order handling. Operations serve industries such as packaging, textiles, and apparel, with additional sectors supported through integrated solutions.
Bizongo's top competitors include Coupa, Funding Societies and FlexiLoans.
Bizongo offers Vendor Digitization Platform, InstaInvoice, and GoBiz Tender.
Bizongo has made 3 acquisitions, including Clean Slate Technologies, FactoryPlus, and GoHexa.
Bizongo has 34 investors. Key investors include IDFC First Bank, Accel, International Finance Corporation, Schroders, and British International Investment.
The valuation of Bizongo is $945.1M as of Oct 2023.