Siam Cement Group's AddVentures-SCG unit co-led the second tranche of the round, which took the packaging marketplace's total funding to over $85m.

Bizongo, the India-based operator of an online marketplace for product packaging, has completed a $51m series C round that included building materials provider Siam Cement Group (SCG), Entrepreneur reported yesterday.

The $21m second tranche of the round was co-led by SCG’s corporate venturing arm, AddVentures-SCG, and UK government-backed development finance organisation CDC.

Asset manager Schroder Adveq led the $30m first close in January 2020, with participation from B Capital, Accel, Chiratae Ventures, the International Finance Corporation (IFC), Schroder Adveq founder…