The group–backed by Accel and IFC—also appointed a chief technology and product officer, and chief financial officer, strengthening its senior leadership.
Former banker Kiran Dev has been named CEO to lead BizongoFin, the fintech arm specialising in embedded supply chain financing solutions to address the more than $300 billion 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.
Prahlad Krishnamurthi has joined as the CEO for BizongoBuy, the integrated B2B marketplace for SMEs buying raw materials. Having served as chief business officer at Cleartrip, and stints at Flipkart, Infosys, and ITC Group, he will focus on driving BizongoBuy’s mission of providing highly predictable delivery of raw materials at best prices.
In addition, Gaurav Singhania, with over 20 years of experience at American Express and LendingKart, has been appointed as the CFO to bolster Bizongo’s financial processes and controls in the run up to a planned public listing. Amol Wanjari has joined as chief technology and product officer. Wanjari, who has worked at Amazon and Acko, will work towards delivering an e-commerce-like experience to Indian SMEs through Bizongo’s digital platforms.
Sachin Agrawal, cofounder and CEO of Bizongo, said in a statement: “The market opportunity in Indian B2B e-commerce is scaling rapidly – fuelling growth across 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 complementary 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.”
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Bizongo has raised $205 million so far from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, and Tiger Global.