Bizongo scales to $150 mn in annualised revenue, nears profitability

Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group

Bizongo, a tech-enabled B2B e-commerce platform for customised goods, is set to turn profitable as it achieves $150 million in annualized revenue. The company’s topline grew by 5X as compared to its pre-pandemic levels. Bizongo aims to clock $500 million annualised revenue by FY22-23.

The remarkable growth comes on the back of Bizongo offering its proprietary platform for replenishing and supplying more than 10 million Personal Protective Equipment (PPE) for healthcare workers and launching a new vertical in textiles and apparel, which contributes 40 per cent to the overall business. The packaging business noted a 240 per cent growth with