Deal Announcement

DC Advisory advises Bizongo on its $30m Series C fund raise from Schroder Adveq as part of a consortium

07 Feb 2020

Background

  • Bizongo is India’s largest B2B online platform for packaging products
  • Bizongo provides end-to-end packing design, development and procurement solutions through its proprietary technology platform

Process

  • DC Advisory acted as the exclusive financial advisor to Bizongo on its $30m Series C fund raise from Schroder Adveq, a Switzerland-based hedge fund with an AUM of $10 billion+, as part of a consortium of existing investors; Accel, B Capital, Chiratae Ventures (earlier IDG Ventures India) and IFC (International Finance Corporation)

Outcome

  • The current fund-raise will be utilised to ramp up Bizongo’s technology infrastructure and to expand its offerings to newer sectors
  • The funds raised via the transaction will also be deployed to strengthen and further expand Bizongo’s presence across India

Deal Team

George Anthraper

Managing Director
India

Meherzad Kelawala

Managing Director
India