Tech startup Bizzo receives $2 mn in funding

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Tech startup Bizzo receives $2 mn in funding
06 May 2022
5 min read

News Synopsis

Recently, Bizzo,

a startup that enables the digitization of independent service businesses, announced that it has received $2 million from ICICI Bank and Orios Venture Partners. The startup further announced the recently raised capital will boost Bizzo’s plan to help service-preneurs to digitally build, scale and organize their businesses.

After the successful fundraising, Viineit Toshniiwal, Chief Executive Officer and Co-Founder at Bizzo said, “We are delighted to have ICICI Bank and Orios on board as investors in Bizzo’s vision to digitally empower India’s vast SMB ecosystem. For too long now, India’s small businesses were pushed towards aggregation. However, the trend now is to move towards de-aggregation and reduced dependence on centralised monolith platforms with closed systems. The next decade is going to be all about unbundling and using open architecture-based systems that brings autonomy to small and independent businesses. India’s service businesses don't need middlemen, they need a medium, thus, Bizzo’s ultimate goal is to become the go-to solution provider for SMB businesses looking to join the digital mainstream and enjoy the perks of digitization. This funding is the first step towards achieving our dream.”

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