Bijnis announced today that it has concluded the second round that saw Marquee business operators like Deepinder Goyal, Cofounder Zomato, Asish Mohapatra, Founder, Offbusiness, Sarbvir Singh, CEO PolicyBazaar, Manish Vij, Co-Founder, Smile group purchased shares from existing early investors.
The latest transaction follows a round in July’20 when Sequoia and Matrix led the primary investment round of $10 million.
What Bijnis CEO Says About Current Funding?
Siddharth Vij, Chief Executive Officer and Co-founder of bijnis comments on the secondary sale,
“We welcome new investors on board. We are glad to have Industry stalwarts like Deepinder, Asish, Sarbvir and Manish by our side who have already built impactful businesses from scratch. There is so much to learn from them. We hope we leverage on their experience and create a bigger impact in the unorganized manufacturing industry”
About Bijnis and Other Funding Details
Founded in 2015 by Siddharth Vij, Chaitanya Rathi, Siddharth Rastogi, and Shubham Agarwal, the company focuses on bringing together and uplifting the factory community and solving the factory’s & manufacturer’s problems in the largely unorganized categories of Fashion & Lifestyle.
bijnis is revolutionizing unorganized manufacturing industries by digitizing factories across strata. The company visions to take factories to the world by digitizing and building a globally integrated network of Manufacturers on one platform.
The ‘bijnis Factory App’ -The mobile app for small, medium, and large manufacturers helps them create their digital factory profile and empowers manufacturers by expanding their businesses, giving them direct access to the retailers, and enabling them to build a distribution chain of their own.
The manufacturers in the value chain have always been dependent on the middlemen in many ways. bijnis is leading the factory landscape of India with a focus to uplift manufacturers’ identity by digitizing them and giving them access to alternative channels of doing business.
Bijnis raised $10 million from marquee investors like Matrix, Sequoia, Infoedge & Waterbridge during the lockdown and has already surpassed pre-covid numbers both in terms of growth & margins. The company is aggressively focusing on increasing the base of manufacturers on the platform from Fashion & lifestyle categories primarily by helping them go digital while scaling their distribution capabilities.
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