B2B packaging E-Commerce platform DCGpac has raised Rs 11.45 Crores in a Pre-Series A round of funding co-led by Venture Catalysts and 9Unicorns in participation with 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.
Speaking on the investment, Mitesh Shah, Co-Founder, Inflection Point Ventures said, “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 fundraising, 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,” He added.
Commenting on the funding round, Suresh Bansal, Founder, DCGpac said, “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.”