Arzooo raises $70 million in Series B round

By VARINDIA - 2022-06-30

Arzooo raises $70 million in Series B round

Bengaluru-based B2B retail tech firm Arzooo has raised $70 million in a new round from SBI Investment, Japan and Trifecta Leaders Fund. Arzooo’s platform provides retailers access to a wide variety of SKUs across leading and emerging brands.

 

Along with SBI Investment, an arm of Japan’s SBI Group, and Trifecta Leaders Fund, existing investors including Celesta Capital and 3 Lines VC also participated in this round. The company had previously raised a Series A from Celesta and 3 lines, followed by an investment from Zoom founder Eric Yuan.

 

Arzooo will utilise its latest funding to scale its technology focused on scaling stores’ growth end-to-end and market expansion for the platform as it continues to deepen its vertical play in the $65 billion consumer electronics market in India.

 

Arzooo has a pan-India presence and is already powering over 30,000 retailers, allowing them to scale without the challenges of extensive inventory holding and access to pricing.

 

Khushnud Khan, Co-founder and CEO, Arzooo, said, “We’re pleased to welcome new set of investors to the Arzooo rocketship with this round that was oversubscribed by 1.4X…we’re really glad to get onboard some amazing set of people with shared vision to transform offline retail joining the board”



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