DCGpac,a B2B packaging e-commerce platform, has raised Rs 11.45 crore in its pre-Series A funding round from Venture Catalysts, 9Unicorns with participation from Inflection Point Ventures.
The startup plans to utilize the funds for building the technology frontier, marketing for growth, implementing other growth initiatives and managing the working capital requirements of the firm.
Gurgaon-based DCGpac was founded in 2005 by Suresh Bansal and Seema Bansal, It is a tech-enabled eCommerce platform that provides quality and value for money packaging products to its customers.
It offers product lines such as warehouse supplies, raw materials, and corporate products.
Since its inception, the startup has expanded to over 12,000 pin codes in India, serving over 18,000 MSME/SME customers with a team of over 100 people. It also has over 3,500 product stock-keeping units and three fulfillment centres.
It serves micro, small and medium enterprises and individual customers and its B2B clientele includes some well-known brands including Puma, Blinkit, Zomato and DTDC.
Suresh Bansal, Founder, DCGpac says, “We are very excited by the scope and size of the opportunity in front of us. We will invest in technology to transform and scale our business significantly.”
“The packaging industry has evolved and so has DCGpac where it not only focuses on offering a variety of products with a varied range of customisation options but also ensures same day shipping to large and MSME customers. Since its inception, they have sold more than 200 Mn products, enjoying revenue growth of over 15% month-on-month”, said, Mitesh Shah, cofounder of Inflection Point Ventures.
“With the fundraise, DCGpac expects to scale its growth with a major emphasis on technology development, leveling the entire packaging process and making it seamless”, he added.
In November 2021, DCGpac had raised INR 5 Crore in a funding round from Venture Catalysts and 9Unicorns.
About DCGpac
Established in 2005, DCG Tech Limited is a reputed B2B e commerce company promoted by Mr. Subhasish Chakraborty Chairman and Managing Director of DTDC Courier and Cargo Limited and Mr. Suresh Bansal ex-Chairman of Melstar Information Technologies Limited and current Board Member of DTDC Courier and Cargo Limited.
The vision of the company is to become one of the largest B2B e-commerce companies from India by offering high-quality, value for money products to national and international customers. DCG Tech is a Customer-Centric organization offering a 100% money-back guarantee for any product purchased from their site.
Established in 2005, DCG offers several product lines such as Packaging and Shipping, Warehouse Supplies, Stationery and Corporate Promotions. DCG products are offered online and through offline models. It is one of the few companies which offers credit to its corporate customers for online purchases. It has a network of Dealers for retail sales.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.