[Funding alert] Retail Tech Startup Arzooo Secures Extended Series B Funding Round

Arzooo, a B2B retail technology business has secured Series B funding from current investors.

The company intends to broaden its attention on the marketplace for consumer goods in India and bolster its technological foundation and productivity with the funds.

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The fundraising round is a continuation of the Series B funding that was revealed in June 2022, during which the business obtained USD 70 million from venture capital firms including SBI Investment, 3 Lines, Trifecta, and Tony Xu, the founder of DoorDash, as reported by ET.

With a focus on the $80 billion consumer electronics markets—which include white goods, TVs, cell phones, and small appliances—its technology makes it possible for India's 500,000+ neighborhood electronics stores to provide the same range of items as major, metropolitan big-box stores.

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Arzooo just started gostor.com, a website that lets customers buy things from its affiliated stores online.

About Arzooo

Founded by Khushnud Khan and Rishi Raj Rathore, Arzooo is a retail tech start-up organizing highly fragmented physical retail and digitalizing them.

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