You are here: Home » Companies » Start-ups » News
Business Standard

B2B packaging solutions startup raises Rs 5 cr in pre-series A

DCGpac, which has sold over 200 million products across India so far, is growing more than 15 per cent month-on-month by revenue. It turned EBITDA positive this September

B2B startups | Packaging | funding

BS Reporter  |  Mumbai 

investment, investment bankers, brokers, investors, company, firms, board, directors, CEOs, management, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity

Online B2B solutions startup has raised Rs 5 crore in a Pre-Series A round, led by Venture Catalysts and 9Unicorns. The company is looking to invest the funds in technology and marketing, and in specific growth initiatives.

DCGpac has sold over 200 million products across India to date. In revenue terms, it is growing more than 15 per cent month-on-month. It turned EBITDA positive this September. Its core strengths are industry focus, design, customization, vendor management, distribution and technology.

DCGpac team is led by Suresh Bansal, a serial entrepreneur with experience in packaging, logistics and technology domains.

Apoova Rajan Sharma, Founder & President at Venture Catalysts said, “We lead consumer-led lives in the contemporary world, and plays an important role within our economic ecosystem. As the industry continues to grow at a 26 per cent CAGR, we look forward to catalysing the expansion in this segment through our association with”.

On receiving the funding, Suresh Bansal, Founder, DCGpac said, "We are growing 15 per cent month-on-month. There is a huge addressable market in front of us. Look at the growth of e-commerce and food industries! We will certainly accelerate our growth much more. With this fundraiser, we also have opportunities to invest in disruptive models and technology, and establish ourselves tremendously. We will continue to service our customers with increasing energy. We thank Venture Catalysts and 9 Unicorns in leading this round and believing in us."

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 30 2021. 14:53 IST