Bizzo raises $2 million from ICICI Bank-led group of investors

Bizzo, a technology startup, revealed on Thursday that it had received $2 million from a consortium of investors led by ICICI Bank and Orios Venture Partners.

Bizzo, which was founded in 2021 and has its headquarters in Mumbai, enables service providers grow, scale, and organise their operations digitally, including automating bookings 24 hours a day, seven days a week.

Vineet Toshniiwal, Bizzo’s co-founder and CEO, expressed his joy at the addition of ICICI Bank and Orios Bank as investors to help Bizzo achieve its goal of digitally empowering India’s burgeoning SMB sector. India’s small enterprises have been trending toward consolidation for quite some time. However, the trend today favours de-aggression and a reduction in reliance on closed-system, centralised monolith platforms. He also stated that the company’s focus in the coming decade will be on deconstructing and implementing open agriculture-based solutions that provide autonomy to small and independent firms.

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