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

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	3346358	Series E	3468241	7698622	1319759	8417928
Oct 04, 2023	1968583	Series E	8011968	6406753	9308570	British International Investment & 4 more
Aug 03, 2022	8311273	Series D	8960269	8849453	5669132	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	9484	6474	4182	3768	1365
Total Sales	4429	9777	3846	4800	1482
Total Expenses	8613	1659	9971	4839	3680
Operating Expenses	4848	5399	9396	7072	5253
Employee Expenses	9599	9069	8648	3575	6146
Marketing Expenses	5703	7231	6504	2721	5192
Operating Income (EBIT)	3701	5575	7966	3284	5112
Interest Expenses	1711	1621	6701	6368	6734
Expenses from other activities	8497	8805	9538	1611	5107
Information Technology Expenses	4367	2118	1091	4463	4527
EBITDA	6348	2696	6547	9577	5631
Taxes	7521	7170	5484	9082	8172
Net Profit	5229	6245	4780	7980	4046
Balance Sheet
Assets	4440	1905	2013	5977	6935
Cash Equivalent	7034	7415	4989	3814	5643
Accounts Receivables	6424	5880	1087	1051	3331
Inventory	2233	3376	9472	8008	6943
Liabilities	1866	7781	7177	3986	1222
Total Debt	6312	9953	3717	5351	1491
Accounts Payable	1415	8238	5251	4544	3796
Equities	8928	7383	7832	1126	6741
Cashflow Statement
Cash from Operating activities	5993	4317	9334	9340	1840
Cash from Investing activities	5112	2236	3105	4552	1209
Net cash from Financing activities	6189	9231	2421	9603	4923

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	7050	3524	1766	4596
Fund	74.92%	5,910Cr	3058062	7940434	2497578	6991771
Accel	2949849	6330238	2405383	5775433	1367470	8888624
Tiger Global Management	708450	712823	982650	485416	522187	724313
B Capital	590891	952794	166234	122242	451679	651102
Schroders Capital	13	38	47	49	83	88
British International Investment	0	0	0	0	0	0
Enterprise	0.26%	20.9Cr	0	0	0	0
Angel	1.44%	114Cr	1	8	7	8
Other People	8.92%	704Cr	1212206	3867302	3309352	6869657
ESOP Pool	10.00%	789Cr	1379697	5700410	2311030	6042635
Total	100.00%	7,890Cr	4799875	7010010	6616637	5756305

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)