Zorit, formerly Bijnis, raises Rs 27 crore led by Sparrow Capital

B2B quick commerce startup Zorit, formerly Bijnis, has raised nearly Rs 27 crore ($2.84 million) in a round led by Sparrow Capital. Existing investors Info Edge and WaterBridge joined, along with Better Capital, angels and employees. Info Edge's stake will rise to 20.12% on a fully converted and diluted basis. Zorit runs 12 dark stores across 12 cities and has reached Rs 120 crore in annualised sales.

Source: Entrackr ↗