bijnis, a B2B commerce marketplace, came under fresh scrutiny as its largest shareholder lost confidence after roughly five years of backing. Info Edge, whose founder Sanjeev Bikhchandani had championed the startup since 2018, held the biggest stake at about 26 percent before that view soured.
The change of heart traced back to heavy cash burn, unit economics that did not hold up, and a tougher funding climate. The analysis lays out the operating strain and investor doubts weighing on the company, along with the questions its founding team faced.
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Credit: Forbes India