E-commerce focused packaging company Bizongo has raised $110 million [Rs 825 crore] in its Series D round of financing led by Tiger Global. Existing investors such as B Capital and International Finance Corporation (IFC) and CDC have also participated in the fresh funding.
According to its website, it has over 1,500 manufacturers with 120 clients and has a capacity to manage 2 million tonnes of material on a monthly basis.
The six-year-old company has been valued at $600 million [Rs 4,500 crore] after this round, as per Fintrackr’s estimates.
