Eric Yuan, Zoom meeting app’s founder and Silicon Valley’s leading venture capitalist, Bill Tai have invested an undisclosed amount in retail-tech firm Arzooo.com. The Bengaluru-based firm will utilise the funds to scale technology, operations and quality of service. It operates in over 20 cities across the country. The start-up will also channelise funds to ramp its B2B platform, ‘Go Store’.
Arzooo is Yuan’s first investment in India. Bill Tai has 22 IPOs to his credit and was among the very first investors in companies such as Twitter, Zoom Video, Wish.com, Canva, and ColorGenomics.Bill Tai, said,"Arzooo has proven its ability to create massive efficiency for operators across thousands of stores by leveraging data to create network effect efficiency in the supply chain, distribution, and logistics for their network of retailers. The result is better selection and pricing for customers throughout the system. This investment should fuel a 10X growth for Arzooo as it accelerates strongly."
Arzooo was founded by ex-Flipkart colleagues and IIT-Kharagpur alumni, Khushnud Khan and Rishi Raj Rathore in 2018. Since its inception, Arzooo has enabled over 5000 partner stores to grow sales and compete with bigger sellers and online marketplaces.
Arzooo.com empowers physical retailers to compete and grow against e-commerce platforms like Amazon and Flipkart, with its technology platform. Its ‘Go Store’ is the unique technology platform that solves the big problem of selection; price and complex supply chain and sourcing for offline retailers. The company aims to serve 50,000 retailers in the next year through its expansion.
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