Bizongo, an e-commerce packaging startup, has raised $110 million (Rs 825 crore) in a Series D round headed by Tiger Global. Existing investors such as B Capital, the International Finance Corporation (IFC), and the Center for Disease Control and Prevention (CDC) have also contributed to the new investment.
Tiger Global led the Series D round with a $45 million (Rs 337.5 crore) investment, while B Capital and CDC each put in $17.5 million (Rs 131.3 crore). According to the company’s regulatory filings, IFC has invested $15.7 million (Rs 118.12 crore) and Schroder Capital has contributed $8 million (Rs 60 crore).
Chiratae Ventures contributed $3.5 million (Rs 26.25 crore), while Bruno E. Raschle, Satyadharma Investments, and Castle Investment each contributed $0.5 million (Rs 3.75 crore). Add Ventures Capital, which is backed by SCG, has invested $1.25 million (Rs 9.4 crore) in the Series D round.