GVFL Backs DCGPAC's Sustainable Packaging Push with ₹15 Crore Pre-Series A Investment

GVFL, India’s pioneering venture capital firm, has led a Rs. 15 crore pre-Series A round in DCG Tech Limited, a leading B2B platform for packaging, warehouse solutions, and procurement. GVFL has invested Rs. 10 crores in the round, while Auxano Capital and the promoters have participated in the investment round.

Founded in 2005 by logistics veterans Suresh Bansal and Subhasish Chakraborty, DCG Tech (trade name: DCGPAC) was founded to address the packaging needs of MSMEs, e-commerce and quick-commerce brands by offering them a one-stop, cost-effective solution. With over 60,000 customers and 750 million packaging products delivered, the company has established a strong presence through eight fulfilment centres, six sales offices, and a Design and Innovation Centre. It also has a subsidiary in Dubai.

DCGPAC offers a tech-enabled, end-to-end procurement and distribution platform that provides over 10,000 SKUs across 78 categories. It delivers packaging and warehouse products nationwide. The firm’s solutions, such as Design to Distribution, Packaging as a Service, EcoPac for Sustainable Packaging, and the ProPac Platform, aim to bring efficiency and cost-effectiveness to businesses of all sizes.

The newly raised capital will be utilised to accelerate growth, enhance platform technology, and expand international operations. DCGPAC also plans to introduce innovative models such as RePac for reusable packaging to support circular economy and warehouse products.

Commenting on the investment, Mihir Joshi, Managing Director of GVFL, said, “We see a huge potential in DCGPAC’s mission to revolutionise packaging supply chain in India through a robust technology platform and deep supply chain integration. It has already carved a niche in the segment. We are confident that its pan-India reach, strong leadership, and customer-centric innovations make it ideally positioned to become a market leader in this fast-growing segment.”

Suresh Bansal, Founder and CEO of DCGpac

Suresh Bansal, Founder and CEO of DCGpac, said, “This funding round marks a strategic milestone in our journey. With the backing of GVFL and other investors, and our roadmap of smart manufacturing, AI-based technology, and sustainable packaging solutions, we are poised to lead the next phase of growth in the B2B commerce space. Our goal is to become India’s most preferred packaging and commerce platform for businesses. This funding will go a long way in helping us achieve our target of 10x growth in the next five years.”

DCGpac had earlier raised funds in its first seed round from marquee investors, including Haldiram’s and Saudi Arabia-based Zajil. Angel networks like IPV, VCATS and 9Unicorns were among the investors. With the latest round, the company is set to scale operations, launch new services, and accelerate its growth.