Gurugram-based business-to-business (B2B) packaging ecommerce startup DCGpac today announced it has raised Rs 11.45 crore in a pre-Series A funding round led by Venture Catalysts, 9Unicorns, along with participation from Inflection Point Ventures.
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 centers (North, West and South India).
The company counts top brands like Puma, Blinkit, Zomato, and DTDC, as its consumers. With this round of funding, DCGpac will focus on building the technology front, marketing for growth, implementing other growth initiatives, and managing the working capital requirements of the firm.
“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," said Suresh Bansal, Founder, DCGpac.
“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," Mitesh Shah, Co-Founder, Inflection Point Ventures said.
He further said the company so far has sold more than 200 million products and witnessed over 15% month-on-month (MoM) growth in revenue.
"The problem of inconsistent packaging quality, high need for variety, customization, value, and sustainable packaging solutions have been solved by DCGpac by building a strong tech platform. It ensures a smooth process of the supplier, seller/reseller onboarding, packaging, on-time delivery, and integrated customization workflows," Mitesh adds.
Inflection Point Ventures is a Gurugram-based angel investment firm. The firm recently announced the launch of Physis Capital, a $50 million fund that will be used in part to support growth-stage startups from the current IPV portfolio as part of its winner’s strategy, it said.