Bizongo, a B2B E-commerce and supply chain enablement platform, raised $110 million in a Series D round led by New York-based Tiger Global Management. Founded by three IIT graduates Aniket Deb, Ankit Tomar and Sachin Agrawal, Bizongo is digitising the massively fragmented B2B segment of made-to-order goods. With the latest round, Bizongo’s valuation has soared to $600 million, making it the market leader in the segment.

The company will deploy the fresh funds in ramping up its business and tech teams to develop a suite of digital services for both sides of the marketplace. It will also nurture vendor partnerships and transform over 100 factories into true cloud factories through its proprietary solutions.

“There is a lot of untapped potential in the way Indian businesses can leverage technology to grow and thrive. Bizongo offers solutions across digital vendor management, supply chain automation and supply chain financing to its enterprise customers,” said Sachin Agrawal, co-founder at Bizongo. “It enables them to digitise their entire vendor ecosystem and build integrated and connected supply chain processes. We are very proud of the grit and resilience the team has demonstrated over the past few years. We are now fully geared to sustainably grow the business by at least 300 per cent year-on-year from here on.”