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