Arzooo, India’s leading Retail technology platform has raised $70M in a new funding round backed by leading global and Indian VCs including SBI Investment, Japan and Trifecta Leaders Fund. Tony Xu, the Founder of Doordash has also invested in the current round, making Arzooo his first India investment.
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 utilize its latest funding to scale it’s technological might focused on scaling stores’ growth end to end and market expansion for the platform as Arzooo continues to deepen its vertical play in the $65 billion consumer electronics market in India
Speaking on the funding, Khushnud Khan, Co-founder & CEO, Arzooo states, “We’re pleased to welcome new set of investors to the Arzooo rocketship with this round that was oversubscribed by 1.4X. While we truly appreciate the interest from the investor community, we’re really glad to get onboard some amazing set of people with shared vision to transform offline retail joining the board”