The company is looking to invest the funds in primarily technology and marketing, and in specific growth initiatives.
DCGpac.com has raised INR 5 crores in a Pre-Series A funding round, led by Venture Catalysts and 9Unicorns. The company is looking to invest the funds in primarily technology and marketing, and in specific growth initiatives.
DCGpac, India’s large online B2B packaging solutions and product company, has sold more than 200 million products across India, to date. In revenue terms, they are growing more than 15% month-on-month. They turned EBITDA positive in September this year. Their core strengths are industry focus, design, customization, vendor management, distribution and technology.
DCGpac team is led by Mr. Suresh Bansal, a serial entrepreneur with rich experience in packaging, logistics and technology domains. CXO team are IIT/ IIMs, with many years of strategy, supply chain and technology experience.
Reflecting on the fundraise, Dr Apoova Rajan Sharma, Founder & President at Venture Catalysts/9 Unicorns said, “We lead consumer-led lives in the contemporary world, and packaging plays an important role within our economic ecosystem. It is a very vital cog in the wheel of industrialization as a whole. At Venture Catalysts, we’ve always believed in the development and propulsion of ingenuity. With our recent investment in DCGpac.com, we have meticulously taken a look at their working model and found enterprising originality embedded in their DNA. As the packaging industry continues to grow at a 26% CAGR, we look forward to catalysing the expansion in this segment through our association with DCGpac.com”.
On receiving the funding, Mr. Suresh Bansal, Founder, DCGpac said, “We are growing 15% month-on-month. There is a huge addressable market in front of us. Look at the growth of e-commerce and food industries! We will certainly accelerate our growth much more. With this fundraiser, we also have opportunities to invest in disruptive models and technology, and establish ourselves tremendously. We will continue to service our customers with increasing energy. We thank Venture Catalysts and 9 Unicorns in leading this round and believing in us”
DCGpac offers design-to-deliver solutions to customers, while making the entire packaging industry ecosystem more integrated, agile and responsive to dynamic end-customer needs.
Source: Business World