B2B Startup BIJNIS raises ₹64 CR in Series A round led by Sequoia and Matrix

By: Link Legal India Law Services
 
GURUGRAM, India - July 30, 2020 - PRLog -- Sequoia and Matrix lead an investment round of 64 crores in Bizcrum Infotech Private Limited (Bijnis), a business-to-business marketplace for unorganised retail segment with participation from InfoEdge and WaterBridge.

Link Legal successfully represented the existing investors, InfoEdge and WaterBridge in the series A fund raise of Bijnis led by Matrix and Sequoia.

Bizcrum Infotech Private Limited (Bijnis), operates a SaaS platform (namely shoekonnect.com) enabling business to business (B2B) communication and supply chain management amongst wholesales, manufacturers and retailers.

Link Legal team led by Pratyush Khurana (Associate Partner) and Aditi Sharma (Associate) assisted the clients. The Company and Promoters were represented by Wadhwa Law Offices and Sequoia and Matrix were represented by Rajaram Legal.

The deal has also been reported as follows:

https://entrackr.com/2020/07/exclusive-bijnis-raises-64-cr-in-series-a-round-led-by-sequoia-and-matrix/

https://tech.economictimes.indiatimes.com/news/startups/bijnis-bags-10-million-funding-led-by-matrix-sequoia/77088415

https://www.businessinsider.in/business/startups/news/info-edge-becomes-the-largest-shareholder-in-b2b-e-commerce-startup-bijnis/articleshow/77081306.cms

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