Through this acquisition, Bizongo aims to equip more than 100 Indian factories with its IoT-powered cloud factory solution by 2023. It also plans to deploy the solution at three sites by July.
The tech platform plans to integrate Clean Slate’s asset, goods, and people-tracking features and sensors to generate data and insights about the operations of a factory. The IoT-powered cloud factory will increase production visibility for small and medium enterprises (SMEs), and their domestic and international customers, Bizongo said in a statement.
The acquisition will help Bizongo provide local manufacturers access to automation and real-time data analytics, which is critical for increasing their throughput, it said.
“Cloud factories have a critical role to play here, as they enable a manufacturer to give complete visibility across floor-level operations and also the entire value chain,” said Ankit Tomar, cofounder and CTO, Bizongo. “With the acquisition of Clean Slate, we aim to empower and enable manufacturers across India to achieve their potential.”
The acquisition comes after Bizongo
raised $110 million in a funding round led by Tiger Global at a $600 million valuation in December 2021. The company was founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Tomar, and focuses on the B2B segment of customised goods, which includes packaging, textiles, apparel and other contract manufacturing goods.
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Clean Slate was founded in 2016 by IIT Bombay and SRM Chennai alumni Mayank Sharma, Siddharth Desai and Anubhaw Kumar. Its clients include companies across automotive, films, metals and engineering.