Arzooo, among India’s leading and one of the fastest growing B2B retail-tech platforms, has secured $6 million from Trifecta Capital. The new funding is expected to boost the platform’s market expansion and logistics and operational capabilities across India.
“Our growth trajectory has been phenomenal and this capital will be used to fuel the same with the network expansion and scaling up our supply chain capabilities to deliver better services to our partner stores,” Khushnud Khan, CEO & co-founder, Arzooo.com told The Electronics.
Arzooo, last October, received Series A fundraise of $7.5 million, led by WRVI Capital along with its existing investors. In November, Arzooo had another investment coming from Zoom Video founder Eric Yuan. This also marked Eric’s first-ever investments in an Indian tech startup.
Despite the pandemic having affected businesses countrywide, Arzooo witnessed strong growth during the critical phase. The company, this year, is targeting sales worth $500 million. With the new funding in place, the company is now focused on expansion on the western front – Maharashtra and Gujarat, with Mumbai as a base. Arzooo is currently actively into business in the south, north and east.
According to the company sources, the new funding will facilitate ramping up of supply chain infrastructure. The company intends to further improve the speed of delivery, service experience, and operational efficiency.
“We’re proud to partner with Arzooo, a fast-growing Retail Tech platform in the Consumer Durables space. Neighbourhood stores are a fantastic channel to drive digitization, inventory expansion and price competitiveness over online retailers. Arzooo has seen a strong demand recovery post the Covid-19 lockdowns. We look forward to continue supporting them as they grow their footprint going forward,” said Rahul Khanna, managing partner, Trifecta Capital.
Arzooo is founded by Khushnud Khan and Rishi Raj Rathore, IIT-Kharagpur alumni and ex-Flipkart colleagues, in the year 2018 in Bangalore.