Zorit Raises Nearly Rs 27 Crore Led by Sparrow Capital
B2B quick commerce startup Zorit, formerly Bijnis, closed a round led by Sparrow Capital.
Key Takeaways
- Zorit, formerly Bijnis, raised about Rs 27 crore led by Sparrow Capital
- Info Edge, WaterBridge and Better Capital also took part
- Zorit says it runs 12 dark stores across 12 cities
- The company says it has reached Rs 120 crore in annualised sales
- Delivery to retailers takes as little as 60 minutes
Zorit, the B2B quick commerce startup formerly known as Bijnis, has raised about Rs 27 crore in a funding round led by Sparrow Capital. The company changed its name from Bijnis to Zorit as it announced the round.
Existing investors Info Edge and WaterBridge took part, along with Better Capital and a group of angel investors. The money is meant for Zorit's quick commerce network of dark stores that supply offline retailers.
Zorit funding at a glance
| Detail | Zorit |
|---|---|
| Amount | About Rs 27 crore |
| Lead investor | Sparrow Capital |
| Other investors | Info Edge, WaterBridge, Better Capital and angel investors |
| Angel investors | Anupam Mittal, the founders of Shiprocket, Mohit Sardana and Sarthak Misra |
| Sector | B2B quick commerce |
| Formerly known as | Bijnis |
| Use of funds | Quick commerce infrastructure, product range and retailer engagement |
How Zorit gets stock to neighbourhood retailers in 60 minutes
Zorit lets offline retailers buy stock from locally stocked dark stores, with delivery in as little as 60 minutes. The company says it operates 12 dark stores across 12 cities and has reached Rs 120 crore in annualised sales.
Zorit says nearly half of its dark stores have broken even, including the cost of liquidating unsold inventory. It also says nearly 60% of its retailers had never used an online B2B platform before.
Zorit's journey from a B2B marketplace to quick commerce
| When | Milestone |
|---|---|
| 2015 | Siddharth Vij, Chaitanya Rathi, Siddharth Rastogi and Sachin Chauhan found the company as a B2B marketplace connecting manufacturers with retailers |
| 2023 | Info Edge writes off its entire investment in Bijnis |
| Late 2024 | The company moves to an inventory led quick commerce model |
| October 2026 | Bijnis becomes Zorit and announces its round led by Sparrow Capital |
As Bijnis, the company had secured more than $40 million in total funding, including a $30 million round.
What Zorit says its quick commerce model has changed for retailers
The company said monthly ordering frequency has increased fivefold compared with its previous model, while retailer retention beyond the sixth month has improved fourfold.
What Zorit says it will do with the new money
The company said the fresh capital will be used to strengthen its quick commerce infrastructure, expand its product assortment and deepen retailer engagement across its operating markets.
Where Zorit stands after the Sparrow Capital round
Zorit, formerly Bijnis, was founded in 2015 and moved to quick commerce in late 2024. The company says it now runs 12 dark stores across 12 cities and has reached Rs 120 crore in annualised sales. It said the new funds will go toward quick commerce infrastructure, a wider product range and deeper retailer engagement.
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