Bizongo, an AI-powered B2B e-commerce platform, announced the appointment of Prahlad Krishnamurthi as its new Chief Executive Officer, effective immediately. Krishnamurthi replaces company founder Sachin Agrawal, who will remain on the board while the new CEO takes over operational leadership.
The Bangalore-headquartered company has simultaneously secured $4.5 million in additional funding from investors including Accel, B-Capital, (a Los Angeles investor), IFC, and Chiratae. This investment values the company at $980 million and follows a more substantial $50 million Series E funding round completed in October last year.
Krishnamurthi brings experience from his previous roles at major corporations including Cleartrip, Flipkart, Infosys, and ITC Group. In his new position, he will continue to oversee BizongoBuy, the company’s raw material marketplace.
Bizongo’s platform serves as a digital ecosystem that connects small and medium enterprises, vendors, and financial institutions for B2B transactions. The company offers comprehensive solutions for digitizing various business processes including sourcing, credit, procurement, and supply chain operations for India and beyond.
With operational bases in Bangalore, Mumbai, and Delhi, Bizongo has outlined ambitious growth targets, aiming to scale operations threefold by December while expanding its category offerings. The company has also set financial goals to achieve profitability by the last quarter of fiscal year 2026.
Last updated: December 26th, 2025
