Bizongo, backed by Tiger Global, purchases a clean slate to equip Indian factories with IoT solutions
- ByStartupStory | March 22, 2022
Bizongo, a Mumbai-based B2B packaging, and the textile firm has acquired Clean Slate, an internet-of-things (IoT) startup, for an unknown sum. By 2023, the startup will have equipped Indian manufacturers with its IoT-powered cloud manufacturing solution as a result of this acquisition.
Furthermore, the acquisition will allow Bizongo to improve its technology infrastructure and give local manufacturers automation and real-time data analytics, both of which are crucial for increasing throughput. Clean Slate’s asset, goods, and people tracking features, as well as sensors, will be integrated into the tech platform to generate data and insights about the factory’s operations.
The IoT-powered cloud factory, according to the firm, will improve production visibility for MSMEs and their local and international customers. It goes on to say that interconnectivity between machines will assist small and medium businesses to avoid supply chain disruptions and save time and effort when creating invoices and collecting payments. As a result, producers will be able to increase exports, compete with global competitors, and bring value distinction to customers through visibility.
Bizongo was founded in 2015 by three IIT graduates, Aniket Deb, Sachin Agrawal, and Ankit Tomar. Its product portfolio includes packaging, textiles, garments, and other contract manufacturing goods, and it has a network of over 3,000 partner companies. The company has partnered with well-known businesses such as Walmart’s Flipkart, Ecom Express, Tata Cliq, Firstcry, and Licious, among others.
Clean Slate Technologies, a bootstrapped firm, was started in 2016 by Mayank Sharma, Siddharth Desai, and Anubhaw Kumar, all of whom graduated from IIT Bombay and SRM Chennai. Automobile, film and packaging, metals, and engineering firms are among its clients.
Tiger Global has now become the startup’s second-largest shareholder, with an 8.15 percent fully diluted position.
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