When was Bizongo founded?

Bizongo was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Bizongo located?

Bizongo is headquartered in Mumbai, India. It is registered at Level 1, HDIL, Kaledonia, Sahar Road, Andheri East, Andheri East, Mumbai, Mumbai, Maharashtra, India, 400069.

Which legal entities is Bizongo associated with?

Bizongo is associated with SMARTPADDLE TECHNOLOGY PRIVATE LIMITED.

How many employees does Bizongo have?

As of May 31, 2026, the latest employee count at Bizongo is 36.

Is Bizongo a funded company?

Bizongo is a funded company, having raised a total of $307M across 15 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jul 24, 2015.

How much is Bizongo worth?

The latest valuation of Bizongo is $***** as of Apr 25, 2025.

When was the latest funding round of Bizongo?

Bizongo's latest funding was a $***** Series E round on Mar 10, 2025, with participation from 4 investors.

What is the annual revenue of Bizongo?

Annual revenue of Bizongo is between ₹100 Cr and ₹500 Cr as on Mar 31, 2024

Where does Bizongo rank among its competitors?

Bizongo ranks 27th amongst 608 active competitors, of which 109 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was BharatPe, which secured $14M in Sep, 2026.

Who are the top competitors of Bizongo?

Bizongo's top competitors include Coupa, BharatPe and InCred. Among them, BharatPe secured the most recent funding round in September, 2026.

Bizongo - 2026 Company Profile, Team, Funding, Competitors & Financials

Bizongo is a series E company based in Mumbai (India), founded in 2015 by Ankit Tomar and Aniket Deb. It operates as a Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. Bizongo has raised $307M in funding from investors like Accel, AddVentures and Schroders Capital, with a current valuation of $*****. The company has 608 active competitors, including 109 funded and 35 that have exited. Its top competitors include companies like Coupa, BharatPe and InCred.

Company Details

Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. It offers features including digital vendor management, material procurement management, supply chain financing, packaging sourcing, purchase order management, and more. It caters to multiple industries including packaging, textiles, apparel, and more.

Website: bizongo.com
Social
Email ID: *****@bizongo.com
Phone Number: +91 **********
Registered Address: Level 1, HDIL, Kaledonia, Sahar Road, Andheri East, Andheri East, Mumbai, Mumbai, Maharashtra, India, 400069

Key Metrics

Founded Year

2015

Location

Mumbai, India

Stage

Series E

Total Funding

$307M in 15 rounds

Latest Funding Round

Series E, Mar 10, 2025, $*****

Post Money Valuation

$***** as on Apr 25, 2025

Investors

Accel & 31 more

Ranked

27^th among 608 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2024

Employee Count

36 as on May 31, 2026

Investment & Acquisitions

FactoryPlus & 3 more

Similar Companies

Coupa & 1107 more

View Bizongo's full profile

Bizongo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SMARTPADDLE TECHNOLOGY PRIVATE LIMITED CIN: U72300MH2015PTC263147 , India, Active	Mar 28, 2015	₹100 - ₹500 Cr (As on Mar 31, 2024)	36 (As on May 01, 2026)

Bizongo has raised a total funding of $307M over 15 rounds. Its first funding round was on Jul 24, 2015. Its latest funding round was a Series E round on Mar 10, 2025 for $*****. 4 investors participated in its latest round. Bizongo has 22 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Bizongo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 10, 2025	7117670	Series E	9195353	1441351	6267363	4218280
Oct 04, 2023	3629774	Series E	3981053	8290599	7702823	British International Investment & 4 more
Aug 03, 2022	9899691	Series D	4051542	4045375	4008422	Mars Growth Capital

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View details of Bizongo's funding rounds and investors

The founders of Bizongo are Ankit Tomar and Aniket Deb.

Here are the details of Bizongo's key team members:

Ankit Tomar: Co-founder/Chief Technology & Product Officer of Bizongo and founder of 1 other company. They are also an angel investor in 3 startups and serve on the board of 1 company.
Contact Info: 1 email address and 2 phone numbers
Aniket Deb: Former Co-Founder of Bizongo and founder of 1 other company. They are also an angel investor in 3 startups and serve on the board of 1 company.
Contact Info: 1 phone number

Bizongo's Board of Directors

Bizongo's board has 5 active members. Arijit Sengupta, Ankit Tomar, Aniket Deb, Ranjith Menon and Sachin Agrawal are part of team.

Here is the list of Bizongo's board of directors:

Name	Type	Representing	Status	Duration
Ankit Tomar	Team	-	Current	8y 6m
Aniket Deb	Team	-	Current	11y 7m
Sachin Agrawal	Team	-	Current	11y 7m
Arijit Sengupta	Investor	B Capital	Current	5y 10m
Ranjith Menon	Investor	Chiratae Ventures	Current	8y 6m

View details of Bizongo's Founder profiles and Board Members

Bizongo's employee count trend

Bizongo has 36 employees as of May 26. The total employee count is 65.0% lower than what it was in May 25. Here is Bizongo's employee count trend over the years:

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Top competitors of Bizongo include Coupa, BharatPe and InCred. Here is the list of Top 10 competitors of Bizongo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, T. Rowe Price & 19 others	86/100
2nd	BharatPe 2018, Gurugram (India), Series E	Provider of payment solutions, lending, and investment opportunities for businesses	$584M	Ribbit Capital, Coatue & 61 others	86/100
3rd	InCred 2016, Mumbai (India), Series D	Provider of financial services specializing in personal, education, and business loans	$320M	Paragon Partners, FMO & 130 others	82/100
4th	Funding Societies 2015, Singapore (Singapore), Series D	Digital platform providing financing solutions for small businesses	$242M	Khazanah Nasional Berhad, Samsung Venture Investment ... & 53 others	81/100
5th	Zaggle 2011, Hyderabad (India), Public	Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows	$13.7M	Mavericks, Bengal Finance and Investment ... & 32 others	80/100
6th	Moneyview 2014, Bengaluru (India), Public	Provider of loans, credit cards, gold investment, insurance, and UPI	$215M	Accel, Tiger Global Management & 25 others	79/100
7th	Recur Club 2021, Delhi (India), Series A	Provider of non-dilutive debt financing for startups and growing businesses	$15.3M	Info Edge Ventures, Lighthouse Canton & 25 others	77/100
8th	Vivriti Capital 2017, Chennai (India), Series D	Provider of debt financing and credit solutions for mid-market enterprises	$205M	Creation Investments, TVS Capital Funds & 22 others	75/100
9th	BlackSoil 2010, Mumbai (India), Series C	Provider of alternative debt and supply chain financing solutions to businesses	$36.3M	FMO, MAHAVIR AGENCIES & 11 others	75/100
10th	Credit Saison 2019, Bengaluru (India), Series D	Provider of diverse financial products and lending solutions for businesses and individuals	$144M	Mizuho Financial Group, CTBC Bank & 4 others	74/100
27th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Castle Investment Management, Chiratae Ventures ... & 30 others	61/100

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SMARTPADDLE TECHNOLOGY PRIVATE LIMITED, the legal entity associated with Bizongo, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2024. The revenue of SMARTPADDLE TECHNOLOGY PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 66% in the last 1 year.

Financial Statement Summary

Metrics	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income Statement
Revenue	7162	7361	3329	7384	8329
Total Sales	7760	6146	3805	8720	2579
Total Expenses	5723	4741	9447	9037	4744
Operating Expenses	9459	5466	9973	9322	4115
Employee Expenses	3292	3882	6230	2043	9389
Marketing Expenses	4442	4939	8789	7509	3159
Operating Income (EBIT)	1212	1666	5962	3474	1772
Interest Expenses	6371	6900	5659	3663	2688
Expenses from other activities	5739	6849	2269	2592	3268
Information Technology Expenses	1529	7169	3539	3552	6438
EBITDA	5424	4778	6007	8858	2294
Taxes	9640	5287	8840	6373	6544
Net Profit	1121	7521	1188	9918	5879
Balance Sheet
Assets	8669	2460	3045	4111	2536
Cash Equivalent	8105	6428	4358	6231	2992
Accounts Receivables	7717	7590	1745	9958	9843
Inventory	8917	6326	4813	1411	3037
Liabilities	3622	9102	5694	8116	6997
Total Debt	9069	1106	6780	7409	3978
Accounts Payable	6268	8986	7823	3374	7443
Equities	5668	2972	9976	2866	3473
Cashflow Statement
Cash from Operating activities	8416	5904	5271	6709	1731
Cash from Investing activities	1198	8486	1841	5251	4253
Net cash from Financing activities	2840	6271	6871	2417	2690

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 4.46%, Funds (largest shareholder) own 74.92%, Enterprises own 0.26% and Angels own 1.44%. The net worth of Bizongo's founders is INR 352Cr as of Apr 25, 2025. The cap table displayed below is for SMARTPADDLE TECHNOLOGY PRIVATE LIMITED which is the legal entity associated with Bizongo.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	4.46%	352Cr	7806	6200	8963	6053
Fund	74.92%	5,910Cr	1044885	8680202	4640522	1039535
Accel	7342242	6942996	5997733	9177581	1686866	4366873
Tiger Global Management	671355	122298	766832	221398	615377	293233
B Capital	794594	791222	164301	220373	563142	572275
Schroders Capital	70	26	11	17	67	72
British International Investment	0	0	0	0	0	0
Enterprise	0.26%	20.9Cr	0	0	0	0
Angel	1.44%	114Cr	2	4	4	1
Other People	8.92%	704Cr	9858482	7573431	5184683	9095923
ESOP Pool	10.00%	789Cr	5460312	5282648	3971903	3174130
Total	100.00%	7,890Cr	4796173	3682156	9665835	3252752

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

Bizongo has made 1 investments in companies including Salt. Bizongo has also acquired 3 companies including FactoryPlus and Clean Slate Technologies.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 21, 2023	Acquisition	FactoryPlus	2021	Noida (India)
Mar 21, 2022	Acquisition	Clean Slate Technologies	2016	Mumbai (India)
Jan 11, 2022	Acquisition	Hexa	2018	Bengaluru (India)