Construction Industry News
Online B2B packaging solutions startup DCGpac.com has raised Rs 5 crore in a Pre-Series A funding round led by Venture Catalysts and 9Unicorns. The company intends to invest the funds in technology and marketing and in specific growth initiatives.
DCGpac has sold more than 200 million products across India to date. In terms of revenue, it is growing at more than 15 percent monthly. In September, EBITDA turned positive. Its main strengths are industry focus, design, customization, supplier management, distribution and technology.
The DCGpac team is led by Suresh Bansal, a serial entrepreneur with experience in packaging, logistics and technology domains.
Apoova Rajan Sharma, Founder and President at Venture Catalysts said: “We lead consumer-led lives in today's world, and packaging plays an important role in our economic ecosystem. As the packaging industry continues to grow at a CAGR of 26 percent, We look forward to driving expansion in this segment through our partnership with DCGpac.com.”
After receiving the funding, Suresh Bansal, founder of DCGpac said: “We are growing 15 percent month-over-month. We have a huge addressable market ahead of us. Look at the growth of e-commerce and the food industry! certainly accelerate much more. With this fundraiser, we also have an opportunity to invest in disruptive models and technology, and establish ourselves massively. We will continue to serve our customers with more and more energy. We thank Venture Catalysts and 9 Unicorns for leading this around and believe in us."
