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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Series E — $4.5M
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First Round
First Round
(24 Jul 2015)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series E - Bizongo | Valuation |
investors |
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| Oct, 2023 | Amount | Series E - Bizongo | Valuation | Schroders Capital | |
| Aug, 2022 | Amount | Series D - Bizongo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2021 | ||||
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AI and cloud-based student assessments are delivered to colleges.
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2018 | ||||
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Cloud-based proximity marketing platform for retailers
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bizongo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bizongo Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business loans and financial products for MSMEs are provided.
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Business loans are provided via a P2P marketplace platform.
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| domain | founded_year | HQ Location |
Provider of unsecured business loans and working capital financing to MSMEs
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bizongo
Frequently Asked Questions about Bizongo
When was Bizongo founded?
Bizongo was founded in 2015.
Where is Bizongo located?
Bizongo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Bizongo?
Sachin Agrawal is the current CEO of Bizongo. They have also founded this company.
Is Bizongo a funded company?
Bizongo is a funded company, having raised a total of $257.08M across 16 funding rounds to date. The company's 1st funding round was a Series D of $25M, raised on Jul 24, 2015.
How many employees does Bizongo have?
As of Jun 03, 2025, the latest employee count at Bizongo is 250.
What is the annual revenue of Bizongo?
Annual revenue of Bizongo is $22.24M as on Mar 31, 2023.
What does Bizongo do?
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.
Who are the top competitors of Bizongo?
Bizongo's top competitors include Coupa, Funding Societies and FlexiLoans.
What products or services does Bizongo offer?
Bizongo offers Vendor Digitization Platform, InstaInvoice, and GoBiz Tender.
How many acquisitions has Bizongo made?
Bizongo has made 3 acquisitions, including Clean Slate Technologies, FactoryPlus, and GoHexa.
Who are Bizongo's investors?
Bizongo has 34 investors. Key investors include IDFC First Bank, Accel, International Finance Corporation, Schroders, and British International Investment.
What is Bizongo's valuation?
The valuation of Bizongo is $945.1M as of Oct 2023.
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