New Delhi: Bizongo, a B2B e-commerce and supply chain activation platform, today announced the acquisition of Hexa, a cloud platform for university internships, based in Bengaluru. This is the very first acquisition of the B2B SaaS platform, which is set to innovate and launch new products in the bespoke segment in the coming months.
Hexa Co-Founder Shubam Goyal, Product Manager, will join Bizongo as Senior Product Manager and Sushmita Chavan, Head of Business Operations at Hexa, will join as Product Intelligence Specialist along with six other members of the team.
Ankit Tomar, Co-Founder and CTO at Bizongo said, “Bizongo has experienced strong growth over the past year due to our staff and continuous product innovation. The Hexa team has demonstrated a unique ability to stay true to its core business: creating technological solutions that bring complete transformation to processes that have been manual and tedious until now. We are delighted to have Shubam, Sushmita and the team to drive Bizongo’s vision of championing digital transformation in the B2B personalized product segment. Their passion and entrepreneurial spirit perfectly match our team.
Ankit added: “We are happy to create opportunities for young founders and entrepreneurs that give them a chance to work with the teams they have formed and continue to work towards a common goal.”
Bizongo aims to add nearly 100 people to its product, engineering and sales team by December 2022. The tech company is actively considering the acquisition as a way to bolster its workforce.
Shubam Goyal, co-founder of Hexa, said: “We are very happy to be part of Bizongo, an industry leader in the B2B platform category. We’ve always believed in creating products that solve some critical human challenges, and with Hexa we’ve had enough success. We believe our team will add a lot of value to Bizongo. “
Launched in April 2020, Hexa is a cloud platform to increase college placement rate. The startup prepares students with industry-ready skills and allows colleges to connect with more companies for on-campus hiring.
“We are very happy to join the Bizongo team. Hexa has always believed in a cohesive group of innovators and the acquisition has given us the opportunity to continue working as a team, ”added Sushmita Chavan, co-founder of Hexa.
During their 10-month journey, Hexa partnered with over 25 colleges, over 10 partner companies, and onboarded 15,000 students on its platform.
Bizongo’s acquisition follows its $ 110 million fundraising in its Series D funding round led by New York-based Tiger Global Management. B2B SaaS highlighted strengthening its product and engineering team as one of the key areas for deploying new capital.