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Tiger Global-backed Bizongo acquires IoT start-up Clean Slate

Bizongo, India’s leading full-stack B2B trade enablement platform has announced the acquisition of Mumbai based IoT and Real-Time Location Services (RTLS) solutions provider Clean Slate Technologies. Through this acquisition, Bizongo aims to equip more than 100 Indian factories with its IoT powered cloud factory solution by 2023.

Clean Slate’s team including Siddharth Desai, Mayank Sharma, and Anubhaw Kumar will join Bizongo. The tech platform plans to integrate Clean Slate’s asset, goods, and people tracking features and sensors to generate data and insights about the operations of the factory. The IoT powered cloud factory will increase production visibility for MSMEs and their domestic as well as international customers.

Bizongo plans to deploy the cloud factory solution at three sites by July 2022. The recent global microeconomics along with the pandemic has brought a mixed bag of challenges for the manufacturing industry. Supply chain disruptions, increased input costs, travel restriction, and social distancing on assembly lines necessitated manufacturers to adopt innovative technologies at scale.

The acquisition will enable Bizongo to further strengthen its technological infrastructure and provide local manufacturers access to automation and real time data analytics, which is critical for increasing their throughput.

The inter-connectivity between machinery will help small and medium manufacturers to limit supply chain disruptions, optimize production, and reduce time and effort in raising invoices and undertaking collections. This in turn will empower manufacturers to boost exports, compete with global competitors and add value differentiation by giving live visibility to customers.

Ankit Tomar, Co-founder and CTO, Bizongo said, “The government’s Make in India initiative aims to place India on the world map as a manufacturing powerhouse. This makes it imperative for manufacturers to leverage emerging technologies that make their factories more efficient. Cloud factories have a critical role to play here, as they enable a manufacturer to give complete visibility across floor level operations and also the entire value chain. With the acquisition of Clean Slate, we aim to empower and enable manufacturers across India to achieve their potential. As we embark on this new journey, we are excited to welcome the Clean Slate team to the Bizongo family.” BW Disrupt

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