CONNECT WITH US
Funding Tracker

Funding Tracker

Bijnis rebrands as Zorit, raises Rs 27 crore in funding for 60-minute B2B deliveries

Indian Startup News – Funding logo

Published on

Add as a preferred source on Google
Bijnis rebrands as Zorit, raises Rs 27 crore in funding for 60-minute B2B deliveries

Agra-born B2B commerce startup Bijnis has rebranded as Zorit and raised Rs 27 crore ($2.84 million) in a funding round led by Sparrow Capital, as it moves fully to a quick commerce model for offline retailers.

Existing investors Info Edge and WaterBridge Ventures took part in the round, along with Better Capital, angel investors and employees. The angels include Shaadi.com founder Anupam Mittal, the founders of Shiprocket, Xpressbees B2C CEO Mohit Sardana and Sarthak Misra of SoftBank.

The round comes about three and a half years after Info Edge, its largest backer, wrote off its entire investment in the company.

Info Edge disclosed its part of the deal in a regulatory filing on 23 October. Its wholly owned subsidiary, Startup Investments (Holding) Ltd, agreed to invest about Rs 5 crore in Bizcrum Infotech Private Limited, the company that runs the platform.

According to the filing, Bizcrum Infotech's turnover was Rs 113.89 crore in FY26, down from Rs 132.62 crore in FY25 and up from Rs 79.05 crore in FY24. That is a fall of about 14% in the latest year, after growth of roughly 68% the year before.

The company reported a loss of Rs 44.04 crore for FY26 and a net worth of Rs 7.84 crore as of 31 March 2026, the filing showed.

Zorit now said it has reached Rs 120 crore in annualised sales. Nearly half of its dark stores have broken even, the company said, including the cost of liquidating unsold inventory.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.