Bizongo acquires FactoryPlus to digitise MSME factory operations
By Gloria Mathias
Bizongo, India’s vendor digitisation platform, has announced the acquisition of FactoryPlus, a factory digitization app for MSME factories.
The acquisition comes on the heels of Bizongo’s vision to enable ‘Business on the Go’ and provide MSMEs with an avenue to embrace digitisation through a user-friendly mobile solution. Vatsal Rustagi, Sparsh Koyarala, and Bikash Dash from FactoryPlus, along with their team, will be joining Bizongo.
Bizongo plans to integrate FactoryPlus’ mobile-first SaaS capabilities like factory inventory management, real-time raw material prices, a news feed, and digital catalogues, among others.
Through this acquisition, the company will offer local manufacturers an AI-powered raw material procurement solution, which will enable them to source raw materials from the best vendors at the lowest possible cost.
Further, Bizongo aims to enable businesses to improve their cash conversion cycle by truly linking their supply chain with end customers through embedded financial solutions, such as Insta invoicing, Insta e-waybill, and Insta PoD, among others.
With MSMEs increasingly chasing growth, FactoryPlus’ mobile-friendly app will assist in rapidly digitising their manufacturing operations without requiring substantial monetary and time investments.
Sachin Agrawal, Co-founder and CEO, Bizongo said, “Digital processes and automated technologies are the need of the hour for vendors to thrive in an increasingly competitive landscape and this is a key step in that direction. With this acquisition of FactoryPlus, we aim to empower manufacturers with tailored solutions, such as digital raw material consolidation and embedded financing, that can be seamlessly integrated into their supply chain and help them contribute to the country’s economic future.”
Vatsal Rustagi, Co-founder, and CEO, FactoryPlus said, “Building FactoryPlus has been an exciting journey for us. Our product is being used as a daily driver for manufacturing operations by multiple stakeholders in factories across India. Integration with an industry leader like Bizongo will help take this idea to new heights and help unleash technology-led efficiency inside the factories and build data-driven industrial supply chains.”
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