Bijnis becomes Zorit, raises Rs 27 crore as Info Edge returns

Representative image: Pexels / Pixabay
B2B retail platform Bijnis has rebranded as Zorit and raised nearly Rs 27 crore led by Sparrow Capital, with Info Edge back three years after a write-off.
What Happened
Bijnis, a business-to-business (B2B) platform that supplies small retailers with stock from factories, has renamed itself Zorit and raised nearly Rs 27 crore (about $2.84 million) in a funding round led by Sparrow Capital, according to reports on October 28, 2026. Existing investors Info Edge and WaterBridge also took part, along with Better Capital, angel investors and employees. The new money comes three and a half years after Info Edge wrote off its entire earlier investment in the company.
Key Facts
- New name: Zorit, formerly Bijnis; the company is run by Bizcrum Infotech Private Limited, according to its website.
- Funding: nearly Rs 27 crore, led by Sparrow Capital, with Info Edge, WaterBridge, Better Capital, angel investors and employees participating, according to reports.
- Info Edge's shareholding will rise to 20.12% on a fully converted and diluted basis after the round, according to reports of the deal.
- Model: since late 2024 Zorit holds its own inventory and runs "dark stores", small warehouses that serve orders rather than walk-in customers, so that offline retailers can restock quickly.
- Scale reported at the time of the round: 12 dark stores in 12 cities and about Rs 120 crore in annualised sales; the company's website now lists 15 dark stores.
- The company says it sources footwear, apparel and accessories from more than 600 factories and aims to deliver to retailers in about 60 minutes.
- Background: in May 2023, Info Edge wrote off its entire Rs 76.6 crore investment in Bizcrum Infotech, citing cash burn, buyback obligations to investors and uncertainty over future fundraising.
Why It Matters
Most of India's clothes and shoes are still sold by small, independent shops in towns and smaller cities. These retailers usually buy stock from wholesalers in bulk, tie up cash in unsold goods, and wait days for new supplies. Zorit's pitch is to act as a fast, digital wholesaler: a shopkeeper orders through the app, and the goods arrive from a nearby dark store within the hour. According to reports of the round, the company says nearly 60% of its retailers had never used an online B2B platform before.
The comeback element makes the story unusual. In 2023 the company was written off by one of its own biggest backers, a public signal that its earlier model was not working. It then changed course, moving from a pure marketplace to holding its own stock and running dark stores, the same approach that consumer quick-commerce apps use for groceries. Raising fresh money, including from the investor that wrote it off, suggests that its backers see the new model as more promising, though the company remains small and the round is modest.
For founders outside the metros, the case is a reminder that a pivot after a setback can work, but also that it can take years. It also shows where investors see opportunity in "Bharat", the market of smaller cities and towns: in tools that make life easier for the lakhs of small shopkeepers who form the backbone of retail.
| Item | Detail |
|---|---|
| Old name / new name | Bijnis / Zorit |
| Round size | Nearly Rs 27 crore (about $2.84 million) |
| Lead investor | Sparrow Capital |
| Annualised sales (reported) | About Rs 120 crore |
| Earlier setback | Info Edge wrote off Rs 76.6 crore investment in May 2023 |
Impact
Short-term: The new funds give Zorit room to add dark stores and retailers under its new brand, with existing investors increasing their bets.
Long-term: If fast B2B restocking works for clothing and footwear, more small retailers in smaller cities could move to digital ordering, holding less stock and turning it over faster.
Who is affected: Independent clothing and footwear retailers, factories and wholesalers that supply them, investors in early-stage start-ups, and founders weighing a pivot after a failed model.
Key Takeaway
Bijnis has rebranded as Zorit and raised nearly Rs 27 crore, with Info Edge investing again three years after writing off its stake, on the strength of a dark-store model for small retailers.
Questions and Answers
What is Zorit?
Zorit is the new name of Bijnis, a B2B platform that lets small retailers order footwear, apparel and accessories from factories. It runs dark stores so that shops can restock quickly, and it says it aims to deliver in about 60 minutes.
How much did Zorit raise and who invested?
According to reports on October 28, 2026, Zorit raised nearly Rs 27 crore in a round led by Sparrow Capital. Info Edge, WaterBridge, Better Capital, angel investors and employees also took part.
Why is Info Edge's investment notable?
In May 2023 Info Edge wrote off its entire Rs 76.6 crore investment in the company, citing cash burn and buyback obligations. Its participation in the new round, with its stake set to rise to about 20%, marks a return after that write-off.
What is a dark store?
A dark store is a small warehouse that is not open to walk-in shoppers. It stocks goods only to fulfil online orders quickly in a nearby area, which is how quick-delivery services keep delivery times short.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Aditi Kulkarni, Education WriterCovers Education and more for Peepals Bharat. All stories by Aditi Kulkarni
Bajaj Auto Q2: revenue tops Rs 20,000 crore, profit rises 35%
Delhi declares November 16 holiday for Chhath, plans over 1,400 ghats
Get the day's stories in your inbox
Peepals Weekly: the week decoded, free. One email a week, unsubscribe in one click.
Aditi Kulkarni is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.









