As mfrs adopt digitalization, e-com portal Bizongo grows significantly

03 March 2022, Mumbai:

As manufacturers adopt digitization, Bizongo, a full-stack B2B trade enablement platform, has announced that its revenue across textile hubs has grown 20 times in 11 months. In addition, the corporation generated Rs. 600 crore in annualized income in Andhra Pradesh, Karnataka, and Tamil Nadu.

The quick change in MSMEs using technological platforms to accelerate their businesses accounts for a significant portion of the increase.

Aniket Deb, Sachin Agrawal, and Ankit Tomar, three IIT graduates, founded Bizongo in 2015 to digitally transform the fragmented and unorganized yet unique and ubiquitous B2B segment of customized goods.

Bizongo's product portfolio includes packaging, textiles, apparel, and other contract manufacturing goods, and the company has a network of over 3,000 partner factories.

Bizongo, a B2B e-commerce platform, provides enterprise customers with digital vendor management, supply chain automation, and supply chain financing as key services.

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Several macros and microeconomic issues, including the high rise in cotton prices and the coal scarcity, have put industrial units under pressure, increasing the need for MSMEs to seek finance to keep their production on track, according to a statement from the firm.

Manufacturers benefit from a digitized and automated supply chain finance solution that helps them meet their credit and working capital requirements.

"Our platform serves to the full ecosystem of textile makers – straight from the business customer, through the garment manufacturer, and further up to the yarn supplier and even the cotton mill," Aniket Deb, Bizongo's Co-founder and COO stated.

We've been able to bring value to both sales and procurement using our digital platform.

Bizongo has enabled every actor in the textile life cycle to run their business more efficiently and optimize their resources, whether it's through digitizing orders and delivery or invoicing to credit."

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*CREDITS: Express Computers & Apparel Resources.