Bizongo completes $51 million funding round

Bizongo, a business-to-business platform for made to order goods, on Monday said it has finished a $51-million crisp funding exercise, with ventures from British government’s improvement account body CDC and Thailand-based Addventures, a corporate arm of SCG.

Responsibilities from the two new financial investors are the second tranche of the $51-million arrangement C funding efforts, an authority explanation said. It added that different financial investors who took an interest in the main tranche included Schroder Adveq, Bruno Raschle, and existing financial investors Accel, Chiratae and IFC.

Aside from the value ventures, the city-based organization has likewise raised obligation from Strides, Trifecta Capital, Tradecred, and IDFC First Bank, the B2B internet business player said.

“The organization has been producing positive cash flow from activities for as far back as two quarters, something infrequently saw in the B2B business e-commerce space.