Ankit Tomar (Bizongo)
Overview
Ankit Tomar is a prominent Indian entrepreneur, best known as the co-founder and former Chief Technology and Product Officer (CTPO) of Bizongo, a Mumbai-based B2B e-commerce platform that specializes in vendor digitization and supply chain financing solutions. Founded in 2015 by Ankit Tomar, Aniket Deb, and Sachin Agrawal, Bizongo has revolutionized the way businesses manage procurement and supply chain needs, particularly in the packaging and textile sectors. The platform offers an innovative blend of technology solutions designed to streamline various processes for small and medium enterprises (SMEs) across India.
Recent Developments
Recent years have seen significant developments around Ankit Tomar and Bizongo:
- March 2025: Bizongo raised $4.5 million in Series E funding, with participation from Accel, B-Capital, IFC, and Chiratae, elevating its valuation to $980 million. Prahlad Krishnamurthi was appointed as the new CEO, succeeding Sachin Agrawal, one of the founders.
- October 2023: Bizongo secured a $50 million funding round aimed at scaling operations threefold and expanding category offerings.
- July 2025: A criminal complaint was filed by TradeCred against Bizongo and certain investors, alleging misappropriation of Rs 69 crore via invoice discounting arrangements. Bizongo has denied these allegations, stating that repayments were made into an agreed escrow account.
- 2024-2025: Amidst controversies, the company pivoted from supply chain finance to raw material procurement, a move that proved profitable by mid-2025.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ankit Tomar |
| Born | Date unavailable, India |
| Nationality | Indian |
| Occupation | Entrepreneur, Former Chief Technology and Product Officer |
| Known For | Co-founder of Bizongo |
| Education | Indian Institute of Technology, Delhi |
Early Life and Education
Ankit Tomar was raised in India, where he developed an early interest in technology and engineering. He pursued his undergraduate studies at the Indian Institute of Technology (IIT) Delhi, a premier engineering institution in India, where he obtained his Bachelor's degree in Engineering. His passion for technology led him to work in the tech industry, where he gained valuable experience at companies like Microsoft as a Program Manager, spearheading significant projects that honed his skills in technology management and product development.
Career and Notable Achievements
- Microsoft: Ankit began his career at Microsoft, where he was involved in program management, contributing to the development of innovative software solutions that had global reach.
- Bizongo: As a co-founder of Bizongo, Ankit played a crucial role in establishing a leading B2B platform that transformed supply chain and vendor management practices in India. Under his leadership, Bizongo raised substantial capital from top investors like Accel Partners and developed cutting-edge digital solutions for the Indian market.
- Awards and Recognition: Bizongo has been recognized for its groundbreaking work in the e-commerce and supply chain sectors, contributing to Ankit's reputation as a forward-thinking entrepreneur in the tech industry.
Current Work and Impact
Although Ankit Tomar has stepped down from his active role at Bizongo, he continues to influence the technology landscape through advisory roles and investments in emerging startups. His impact on the B2B sector, particularly in India, remains significant as he helps nurture new ventures and drive technological innovation.
Related Topics
Bizongo Funding
Bizongo has continuously attracted significant funding from global investors, including Tiger Global, Schroders Capital, and IFC. As of the latest reports, Bizongo has raised over $257 million across multiple rounds, positioning it as a leading player in the B2B e-commerce and supply chain segment.
Bizongo Logo
The Bizongo logo represents the company's commitment to innovation, efficiency, and digital transformation in the realm of business procurement and supply chain solutions. The logo is a symbol of the company's modern approach to traditional industries.
Ankit Tomar Fitness
Outside of his professional life, Ankit Tomar is known to have a keen interest in fitness, ensuring that he maintains a healthy work-life balance. His dedication to fitness might serve as an inspiration to young entrepreneurs who view a balanced lifestyle as integral to achieving long-term business success and personal well-being.
Conclusion
Ankit Tomar's journey reflects the transformative impact an entrepreneurial mindset can have within competitive sectors such as technology and e-commerce. As co-founder of Bizongo, Tomar leveraged cutting-edge technologies to address critical issues in supply chain management, setting new standards for efficiency and innovation. Although he no longer holds an operational role at Bizongo, his legacy endures through the platform's continued growth and strategic pivots towards profitability and sustainability. Future prospects for Ankit Tomar might include further contributions to the startup ecosystem, leveraging his experience to drive innovation and mentor new tech ventures.