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.
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.