How Much Did Bizom Raise? Funding & Key Investors

Bizom has successfully raised funding over 7 rounds, with the latest being a Series B. The platform is backed by notable investors including IndiaMART InterMESH and Pavestone Capital.

Keep reading to explore the intricacies of Bizom's fundraising journey and the investors backing this innovative retail intelligence platform.

What Is Bizom?

Bizom, a retail intelligence platform, is headquartered in Bangalore, Karnataka, India. The company operates in multiple industries, including enterprise software, information technology, retail technology, SaaS, and software. With an employee count ranging from 251 to 500, Bizom focuses on automating the retail supply chain to enhance efficiency and growth.

Bizom serves over 750 brands and supports a sales force of more than 250,000 members. The platform has a significant presence in 35+ countries, impacting over 8 million retailers and generating an annual GMV of over $20 billion. Bizom's solutions include digitalization, optimization, and expansion of retail operations, providing real-time trade visibility and data-driven sales strategies.

How Much Funding Has Bizom Raised?

1. Series B
   • Amount Raised: USD 12,000,000
   • Date: December 2024
   • Lead Investors: Pavestone Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale Bizom's platform for real-time downstream trade visibility, enhance sales efficiency, develop delivery mechanisms, and expand key accounts.
2. Secondary Market
   • Amount Raised: USD 1,800,000
   • Date: November 2022
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
3. Series Unknown
   • Amount Raised: USD 150,000
   • Date: May 2020
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational costs and initial scaling efforts.
4. Series Unknown
   • Amount Raised: USD 3,500,000
   • Date: May 2018
   • Lead Investors: SIDBI Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product offerings.
5. Convertible Note
   • Amount Raised: USD 400,000
   • Date: January 2017
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To bridge funding gaps and support ongoing projects.
6. Non-Equity Assistance
   • Date: June 2016
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To receive strategic support and advisory services.
7. Seed
   • Amount Raised: USD 300,000
   • Date: March 2013
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and initial product development.

Total Amount Raised: USD 17,650,000. Current Valuation: Not publicly disclosed.

Key Investors

• Pavestone Capital
  • Details: Pavestone Capital is a Hyderabad-headquartered venture capital firm with a SEBI-registered alternate investment fund of Rs 816 crore. They focus on early-stage B2B technology companies.
  • Investment Focus Areas: Early-stage B2B technology companies, distribution streamlining, market insights.
  • Notable Investments: Bizom (Series B funding round).
• IndiaMART
  • Details: IndiaMART is an existing investor in Bizom, having previously participated in the Series A funding round. They are an online marketplace that connects buyers with suppliers.
  • Investment Focus Areas: Technology-driven companies, B2B platforms, digital transformation.
  • Notable Investments: Bizom (Series A funding round).
• SIDBI Venture Capital
  • Details: SIDBI Venture Capital is a venture capital firm that focuses on funding small and medium enterprises in India. They participated in Bizom's funding round in 2018.
  • Investment Focus Areas: Small and medium enterprises, technology, growth-stage companies.
  • Notable Investments: Not publicly disclosed.

What's Next for Bizom?

Bizom's future looks promising as it aims to scale its platform, enhance sales efficiency, and develop new delivery mechanisms. With a significant market presence, serving over 600 retail brands and managing 6 lakh SKUs across more than 30 countries, the opportunities for growth are substantial. The company is well-positioned to leverage industry trends such as real-time trade visibility and the adoption of next-generation technologies like augmented reality and voice recognition.

Future fundraising opportunities seem likely, given the strategic investments from Pavestone and IndiaMART. These funds will support Bizom's ambitious plans for product development and market expansion. However, challenges such as scaling the platform, integrating advanced technologies, and maintaining a competitive edge in a rapidly evolving industry may arise. Despite these hurdles, Bizom's focus on innovation and efficiency positions it well for continued success.

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