B2B retail tech startup Arzooo raised $70 million in Series B from Japan-based SBI Investment and Trifecta Leaders Fund where existing investors including Celesta Capital and 3 Lines VC and new investor – Doordash’s founder Tony Xu also participated.
Aarzoo operates a retail technology platform that assists retailers in increasing the efficiency and sales of their online businesses. It enables retailers to gain access to a wide range of SKUs (stock-keeping units) from leading and emerging brands. Arzooo will use the funds to build its technological infrastructure and expand its business. According to the startup, Aarzoo has assisted over 30K offline retailers operating in 22 Indian states in growing their online businesses in the ecommerce segment.