Bizom raises $12 million in funding round led by Pavestone (#1687075)

Bizom, a startup catering to the retail industry has raised $12 million (Rs 100 crore) in a series B funding round led by Hyderabad-based venture capital firm Pavestone with an investment of $7.5 million. Existing investor Indiamart and other family offices also participated in the funding round.

The company will utilise the funds for product development, support delivery infrastructure, and expansion of key accounts.

Commenting on the funding, Lalit Bhise, CEO of Bizom in a statement said, “This investment isn’t just capital—we are engineering the future of retail distribution through next-generation products like real intelligence infrastructure, agentification, voice recognition, and augmented reality to address real-world challenges faced by global retail enterprises.”

Srikanth Tanikella, managing partner at Pavestone added, “We are excited to partner with Bizom. Their platform is trusted by several FMCG enterprises and empowers them to drive growth by streamlining distribution and enabling faster insights into the market. This investment is in line with the focus of our Fund’s Investments.”

Bizom claims that its platform enhances sales efficiency, product distribution, and retailer-brand relationships. It currently has more than 600 retail brands from various industries on its platform.