Bizongo, a B2B platform for customised goods, announced the acquisition of Clean Slate Technologies, a Mumbai-based internet-of-things (IoT) startup, for an undisclosed sum. Clean Slate’s Internet of Things (IoT) technology aids factory efficiency.
Bizongo hopes to outfit more than 100 Indian manufacturers with its IoT-powered cloud factory solution by 2023 as a result of this acquisition. It also intends to roll out the solution at three different locations by July.
Clean Slate’s asset, goods, and people-tracking capabilities and sensors will be integrated into the tech platform to generate data and insights regarding factory operations. Small and medium firms (SMEs), as well as their domestic and international consumers, will benefit from the IoT-powered cloud factory, according to Bizongo.
According to Bizongo, the acquisition will enable it to supply local manufacturers with automation and real-time data analytics, which is crucial for increasing throughput.
“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,” said Ankit Tomar, cofounder and CTO, Bizongo. “With the acquisition of Clean Slate, we aim to empower and enable manufacturers across India to achieve their potential.”
Bizongo raised $110 million in a fundraising round headed by Tiger Global in December 2021, valuing the company at $600 million. Aniket Deb, Sachin Agrawal, and Tomar, all IIT graduates, launched the company in 2015, focusing on the B2B segment of customised goods, which includes packaging, textiles, garments, and other contract manufacturing goods.
Clean Slate was founded in 2016 by IIT Bombay and SRM Chennai alumni Mayank Sharma, Siddharth Desai and Anubhaw Kumar. Its clients include companies across automotive, films, metals and engineering.
