Gurugram, 21st April 2022: B2B packaging E-Commerce platform DCGpac has raised INR 11.45 Crores in a Pre-Series A round. The round was led by Venture Catalysts; 9Unicorns with participation from Inflection Point Ventures. The funds will be used for building the technology front, marketing for growth, implementing other growth initiatives, and managing the working capital requirements of the firm.
DCGpac offers several product lines such as packaging products, warehouse supplies, raw materials, and corporate products.
Since its inception in 2005, DCGpac has expanded to more than 12000 pin codes serviced in India, served 18000+ MSME/SME Customers with a strong team of 100+ people, and has 3500+ product SKUs (Stock Keeping Units) and 3 Fulfilment centres (North, West and South India). Their B2B clientele includes some of the well-known brands like Puma, Blinkit, Zomato, and DTDC.
Mitesh Shah, Co-Founder, Inflection Point Ventures says, “Packaging is one of the key elements from the first mile to the last as it secures the product and ensures its safety till it reaches dealers/customers. Over time the packaging industry has evolved and so has DCGpac where the company not only focuses on offering a variety of products with a varied range of customization options but also ensures same-day shipping to large and MSME customers. Since its inception, they have sold more than 200 million products, enjoying revenue growth of over 15% month-on-month. With the current fundraise, the company further expects to scale their growth along with a major emphasis on technology development thus leveling the entire packaging process and making it seamless”.
IPV has been at the forefront of helping early-stage startups by helping them in growing their business. IPV believes in supporting financially and leveraging their vast CXO network to help startups grow their business too. Taking this a step further, IPV also recently announced the launch of Physis Capital, a $50 million fund that will be used in part to support growth-stage startups from the current IPV portfolio as part of its winner’s strategy.
The problem of inconsistent packaging quality, high need for variety, customization, value, and sustainable packaging solutions have been solved by DCGpac by building a strong tech platform. It ensures a smooth process of the supplier, seller/reseller onboarding, packaging, on-time delivery, and integrated customization workflows. They have supply chain partners in every mile. Every participant is fully connected and incentivized.
Suresh Bansal, Founder, DCGpac says, “We are very excited by the scope and size of the opportunity in front of us. We will invest in technology to transform and scale our business significantly.”
Total Addressable Market for DCGpac will grow to $200 mn by 2025, growing more than 25% CAGR. The team is led by Suresh Bansal, Ram Mantravadi & Seema Bansal with diverse, complementary, and highly experienced backgrounds in the packaging and technology space. They envision becoming one of the largest B2B e-commerce companies in India by offering high-quality, value-for-money products to national and international customers. They also aim to leverage technology to build automated product custom workflows, a mobile app, hybrid- marketplace & SaaS revenues.