Bizongo's Bold New Chapter: Prahlad Krishnamurthi Takes the Helm Amidst Fresh Funding

Bizongo has appointed Prahlad Krishnamurthi as its new CEO and secured $4.5 million in funding at a valuation of $980 million. Previously led by Founder Sachin Agrawal, Krishnamurthi aims to scale operations by three times and achieve profitability by the last quarter of FY26.

In a significant leadership transition, B2B e-commerce platform Bizongo has appointed Prahlad Krishnamurthi as the new CEO, effective immediately. This strategic move comes amid the company's latest funding round, which raised USD 4.5 million from notable investors, valuing the Bengaluru-headquartered firm at nearly USD 980 million.

Krishnamurthi, who succeeds company Founder Sachin Agrawal, brings a wealth of experience from his tenure at major corporations such as Cleartrip, Flipkart, Infosys, and ITC Group. He will continue to steer the BizongoBuy business, a raw material marketplace tailored for SMEs, while Agrawal remains on the board.

The recent funding follows a substantial USD 50 million Series E round last October and is earmarked for scaling operations threefold and expanding the company's category line-up by December. With ambitious plans to break even and turn a profit by fiscal year 2026's last quarter, Bizongo focuses on cementing its foothold in raw material procurement and distribution, with operational bases in Bangalore, Mumbai, and Delhi.

(With inputs from agencies.)