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

Current traders Info Edge and WaterBridge Ventures took half within the spherical, together with Higher Capital, angel investors and workers. The angels embody Shaadi.com founder Anupam Mittal, the founders of Shiprocket, Xpressbees B2C CEO Mohit Sardana and Sarthak Misra of SoftBank.

The spherical comes about three and a half years after Information Edge, its largest backer, wrote off its complete funding within the firm.

Information Edge disclosed its a part of the deal in a regulatory filing on 23 October. Its wholly owned subsidiary, Startup Investments (Holding) Ltd, agreed to take a position about Rs 5 crore in Bizcrum Infotech Non-public Restricted, the corporate that runs the platform.

In keeping with the submitting, 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 may be a fall of about 14% within the newest yr, after progress of roughly 68% the yr earlier than.

The corporate reported a lack of Rs 44.04 crore for FY26 and a internet price of Rs 7.84 crore as of 31 March 2026, the submitting confirmed.

Zorit now stated it has reached Rs 120 crore in annualised gross sales. Almost half of its darkish shops have damaged even, the corporate stated, together with the price of liquidating unsold stock.

From market to darkish shops

Based by Siddharth Vij, Chaitanya Rathi, Siddharth Rastogi and Sachin Chauhan. Zorit began as a B2B market in Agra, connecting footwear and attire producers with retailers.

In December 2024 it rebuilt the enterprise round darkish shops and its personal stock. Offline retailers now order inventory from domestically stocked darkish shops and obtain it in as little as 60 minutes.

In keeping with Zorit, the startup had 15 darkish shops as of October 2026 and greater than 600 factories on its platform. It lists a minimal order worth of Rs 1,500 and fee on supply. The corporate additionally says factories are paid in underneath 45 days.

“We strongly consider {that a} substantial a part of India’s future commerce will stay retailer led. As shopper expectations evolve, retailers want higher know-how and provide chain infrastructure to compete and develop,” stated Siddharth Vij, CEO of Zorit.

The brand new capital will go into its fast commerce infrastructure, a wider product vary and deeper retailer engagement in its present markets.

The 2023 write-off

In Might 2023, Info Edge wrote off its complete funding of Rs 76.65 crore in Bizcrum Infotech. The corporate cited “persevering with money burn, restricted availability of money in proportion to unspecified liabilities with respect to buyback obligations (together with liquidation desire)” and uncertainty over future fundraising.

The write-off got here lower than two years after Bijnis raised $30 million in a Sequence B spherical led by WestBridge Capital in September 2021. That spherical adopted a $10 million Sequence A in July 2020 led by Sequoia Capital, now Peak XV Companions, and Matrix Companions, now Z47.

Earlier than this spherical, the startup had raised greater than $40 million.