DCGpac Secures Rs 15 Crore in Pre-Series A Funding for International Expansion
DCG Tech Limited, operating as DCGpac, has secured Rs 15 crore (approximately $1.8 million) in a pre-Series A funding round led by Gujarat Venture Finance Limited (GVFL). The company plans to use the investment to bolster its technology infrastructure and expand internationally.
Founded in 2005, DCGpac serves over 60,000 customers and has delivered more than 750 million packaging products. The company aims to revolutionize the packaging supply chain in India through automation and supply chain integration. It offers AI-powered solutions such as 'ProPac' and 'RePac' for reusable packaging.
DCGpac's extensive product catalog comprises over 10,000 SKUs across 78 categories. The company operates from eight fulfillment centers and six sales offices in India, with a subsidiary in Dubai. Its platforms include 'Design to Distribution', 'Packaging as a Service', and 'EcoPac' for sustainable packaging.
GVFL contributed Rs 10 crore to the funding round, with Auxano Capital and DCGpac's promoters providing the remaining capital. Mihir Joshi, Managing Director of GVFL, praised DCGpac's potential in transforming the packaging supply chain. Suresh Bansal, founder and CEO of DCGpac, expressed confidence in leading the next phase of growth in the B2B commerce space with the support of GVFL and other investors.
DCGpac's latest funding round will enable it to strengthen its technology infrastructure and scale operations, paving the way for international expansion. With its innovative solutions and extensive product offerings, the company is well-positioned to drive growth in the B2B commerce space and make a significant impact on the packaging industry.
