Bizongo, a B2B e-commerce platform has separated its raw material marketplace BizongoBuy and its supply chain finance platform, BizongoFin into separate businesses. The company has also appointed new CEOs, while the group has also appointed Chief Technology & Product Officer and Chief Financial Officer, strengthening its senior leadership.
Accel, IFC funded Series E leading B2B E-commerce platform, Bizongo is strategically building on the ‘golden triangle’ approach — combining commerce, financing, and logistics — traditionally leveraged in B2C, to streamline and innovate in the rapidly evolving B2B landscape.
Ex-banker Kiran Dev has been named Chief Executive Officer to lead BizongoFin, the fintech arm specializing in embedded supply chain financing solutions to address the $300bn+ unmet SME credit needs. With over 19 years of experience, including leadership roles at Disprz and Standard Chartered Bank, she will play a critical role in delivering flow-based embedded financing to SMEs through the multi-financial institution platform of BizongoFin.
Prahlad Krishnamurthi has joined as the Chief Executive Officer to lead BizongoBuy, the integrated B2B marketplace for SMEs to buy raw materials. Having served as Chief Business Officer at Cleartrip, and previously held senior roles at Flipkart, Infosys, and ITC Group, Prahlad brings over 2 decades of experience in leading high-growth businesses. He will focus on driving BizongoBuy’s mission of providing highly predictable delivery of raw materials at the best prices.
In addition, Gaurav Singhania, with over 20 years of experience and a distinguished background at American Express and LendingKart, has been appointed as the group’s Chief Financial Officer. His deep domain expertise in financial management will be pivotal in further strengthening Bizongo’s financial processes and controls in the run-up to the IPO. Bringing over two decades of experience, Amol Wanjari has joined as the group’s Chief Technology and Product Officer. He will draw on his leadership experience at Amazon and Acko to deliver an e-commerce-like experience to Indian SMEs through Bizongo’s digital platforms.
Welcoming the leadership with a high pedigree in finance and technology businesses, Sachin Agrawal, Co-founder & CEO of Bizongo, said, “The market opportunity in Indian B2B E-Commerce is scaling rapidly – fuelling growth across the famous industry troika of commerce, financing and logistics. We have attained a high growth momentum across our digital platforms for integrated raw material buying, and embedded supply chain financing. With the addition of Kiran, Prahlad, Gaurav, and Amol, we are bringing in leaders with diverse and complimentary skill sets that will significantly contribute to Bizongo’s vision of bringing technology to businesses in simple and meaningful ways to make Business On the Go.”
Bizongo has raised $205 mn from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, Tiger Global and others.
