Bizongo Expands With New Ventures And Leadership Appointments

Accel, International Finance Corporation (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. BizongoBuy (raw material marketplace) and BizongoFin (Embedded Supply Chain Finance Platform) are being expanded into new and larger businesses, each to be led by a new Chief Executive Officer (CEO), while the group has also appointed Chief Technology & Product Officer and Chief Financial Officer (CFO), strengthening its senior leadership.

With the joining of the four industry veterans, Bizongo is poised to enhance its focus on leveraging its e-commerce and embedded financing platforms for SMEs to make Business On the Go (Bizongo).

Ex-banker Kiran Dev has been named Chief Executive Officer to lead BizongoFin, the fintech arm specialising in embedded supply chain financing solutions to address the $300bn plus 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 for buying raw materials. Having served as Chief Business Officer at Cleartrip and previously held senior roles at Flipkart, Infosys and ITC Group, Prahlad brings over two 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.

Bizongo has raised $205 mn from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, Tiger Global and others.