GVFL led Rs 15 Cr Pre-series A funding raised by B2B packaging platform DCG Tech
A pre-Series A funding round led by GVF has raised Rs 15 crore for DCG Tech, a business-to-business platform for procurement, packaging, and warehouse solutions. The promoters and Auxano Capital also took part in the investment round, with GVF contributing Rs 10 crore.
This comes after the Gurugram-based business raised $3.31 million from Venture Catalysts in a seed funding round.
According to a press release from DCG, the money raised will be used to extend global operations, improve platform technology, and speed up growth.
DCG Tech, which was co-founded in 2005 by Suresh Bansal and Subhasish Chakraborty, provides a one-stop, affordable solution for MSMEs, e-commerce, and quick-commerce brands’ packaging needs. Bringing efficiency and cost-effectiveness to companies of all sizes is the goal of the company’s solutions, which include Design to Distribution, Packaging as a Service, EcoPac for Sustainable Packaging, and the ProPac Platform.
DCG claims to have eight fulfillment centers, six sales offices, and a Design and Innovation Center, and it has over 60,000 customers and has delivered 750 million packaging products. It has a subsidiary in Dubai as well.
“With the backing of GVFL and other investors, and our roadmap of smart manufacturing, AI-based technology, and sustainable packaging solutions, we are poised to lead the next phase of growth in the B2B commerce space. Our goal is to become India’s most preferred packaging and commerce platform for businesses,” said Suresh Bansal, founder & CEO of DCG.
According to DCG, it provides an end-to-end, tech-enabled platform for procurement and distribution that offers more than 10,000 SKUs in 78 categories.
