Bizongo, a B2B ecommerce firm for businesses, has raised $110 million in a Series D round led by Tiger Global, valuing the company at $600 million.
CDC, IFC EAF, BCap, Chiratae Ventures, Schroder Adveq, IFC, and Add Ventures by SCG were among the investors in this round of fundraising.
The firm, which was founded in 2015, provides digital vendor management, supply chain automation, and supply chain financing to a variety of enterprise clients.
Commenting on the funding Sachin Agrawal, Co-founder at Bizongo, said, “There is a lot of untapped potential in the way Indian businesses can leverage technology to grow and thrive. We are now fully geared to sustainably grow the business by at least 300 percent year-on-year from here on.”