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 per cent 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”.
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.”