Add TechGraph on Google
B2B eCommerce and supply chain enablement platform Bizongo has said, “It has acquihire Bengaluru based Hexa, a cloud platform for college placements.”
This is the first-ever acquihire by the B2B SaaS platform, as it gears to innovate and launch new products in the made-to-order segment in the coming months.
Hexa co-founder Shubam Goyal, Head of Product, 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 team members.
Speaking on the acquisition, Ankit Tomar, Co-founder, and CTO at Bizongo said, “We are excited to have Shubam, Sushmita, and the team to drive Bizongo’s vision of championing digital transformation in the B2B customized goods segment. Their passion and entrepreneurial mindset is a perfect match for our team.”
“We are happy to create opportunities for young founders and entrepreneurs that give them a chance to work with the teams they nurtured and continue to work towards a common goal,” he added.
Bizongo aims to add close to 100 people across its product, engineering, and sales team by December 2022. The technology company is actively looking at acquihire as a way to strengthen its workforce.
Commenting on the development, Shubam Goyal, Co-founder at Hexa said, “We are very excited to become a part of Bizongo, an industry leader in the B2B platform category. We have always believed in building products that solve some critical human challenges, and with Hexa, we have been fairly successful. We believe our team will add a lot of value to Bizongo.”
Founded in April 2020, Hexa is a cloud platform to increase the placement ratio at colleges. The startup prepares students with industry-ready skills and powers colleges to connect with more companies for campus hiring.
“We are very happy to join Bizongo’s team. Hexa has always believed in being a cohesive bunch of innovators and the acquihire has given us a chance to continue working as a team together,” Sushmita Chavan, Co-founder at Hexa added.
Bizongo’s acquihire follows its fundraise of $110 mn in its Series D round led by New York-based Tiger Global Management. The B2B SaaS has underlined strengthening its product and engineering team as one of the core areas to deploy the fresh capital.