Info Edge invests Rs 10 crore in Bijnis, increases its share in startup to 28.2 per cent

Info Edge invests Rs 10 crore in Bijnis, increase its share in startup to 28.2 per cent

New Delhi: Sanjeev Bikchandani led Info Edge has invested Rs 10 crore in the B2B e-commerce platform Bijnis. 

The startup has raised a total of Rs 64 crore from Sequoia, Matrix and existing investors Info Edge and Waterbridge Ventures.

Bijnis is a B2B marketplace for unorganised markets and allows retailers to purchase directly from the source. The startup claims to have over 400 manufacturers and 40,000 sellers on its platform. 

With the new round of investment, Info Edge, which had first invested in the startup in 2018, will get a 28.2 per cent share in the startup.