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Published
Oct 7, 2021
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Bizongo announces it has turned profitable, eyes $300 million revenue by end of FY22

Published
Oct 7, 2021

Business-to-business e-commerce platform Bizongo announced that it has turned profitable and expects to reach a total of $300 million (Rs 1,995.8 crore) in annualised revenue by the end of the 2022 financial year. 

Bizongo is expanding in India's B2B space as well as internationally - Bizongo- Facebook


“With the pent-up festive demand, the company envisages to cross at least $300 million in annualised revenue by end of this fiscal year,” said the business’ CTO and co-founder Ankit Tomar in a statement, the Press Trust of India reported. 
 
The business announced that it has already surpassed the annual revenue run rate of $200 million with strong growth in its customer segments in the fashion and lifestyle categories. Bizongo’s average contract value has also tripled compared to the same time last year at $2.4 million.

“Bizongo's international foray is led by its vision to become a global B2B e-commerce leader,” said the business. “Ahead of a buoyant festive and wedding season starting with Navratri this week, Bizongo is expecting to touch $300 million in an annualised revenue by the end of the fiscal year.”
 
The business’ core platforms have over 120 enterprise customers with a base of more than 3,000 partner factories, it said. With its main customers based in India and a growing presence in Bangladesh, Thailand, Middle East, and the UK, Bizongo enables micro, small, and medium enterprises to manage their business online on its cloud platform. 

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