Private Equity Fund Investments
Manufacturers' sourcing platform Bijnis raises $30-M led by Westbridge Capital
Bijnis, a New Delhi-based business-to-business (B2B) platform for manufacturers, has raised a USD 30 million (about INR 222 crore) Series B round led by Westbridge Capital. The round also saw the participation of existing investors InfoEdge, Matrix Partners India and Sequoia Capital India. Bijnis will use the capital to grow its customer base comprising retailers and manufacturers, besides creating more efficient tools to help manufacturers manage their operations and supply chains better. Bijnis, which was founded in 2015 by Siddharth Vij, Siddharth Rastogi, Shubham Agarwal and Chaitanya Rathi, connects factories and manufacturers, and looks to help them procure raw materials directly, besides managing logistics and payments.
From the Venture Intelligence PE-VC Deal Database:Between Sep-19 and Jul-20 Bijnis had raised close to INR 75 crores from WaterBridge Ventures, Info Edge, Matrix Partners India and Sequoia Capital India (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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