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.
Read also – [Funding alert] D2C Startup Moms Home Secures Funding From Mistry Ventures
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.
Read also – [Funding alert] Cybersecurity Startup ClearTrust Secures $1.9 Mn pre-Series A Funding
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.
Read also – [Funding alert] EV Startup BluSmart Secures $25 mn Equity & Debt Funding From ResponsAbility
