Smartpaddle Technology Private Ltd
Project disclaimer
Description
We first invested in the business in 2020 alongside Chiratae Ventures to help scale Bizongo?s business across an additional 1,000 small businesses, sustaining at least 20-30,000 formal jobs for low-income workers in manufacturing SMEs in India. With most suppliers pointing to the lack of good alternatives to Bizongo in the market, we can play an important role in backing an innovative model that is driving efficiencies across the sector while contributing to MSME growth. We can further play a stewardship role around social and environmental practices, setting standards for the industry and enabling Bizongo to reduce execution, reputational, and negative impact risks as the business expands. We made a further investment in the business in 2021.
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