Arzooo, a business-to-business retail-tech startup, has raised $6 million in its latest financing round. The investment was received from Trifecta Capital.
Speaking on the investment, CEO and Co-founder of Arzooo – Khushnud Khan said, “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.”
The startup seeks to improve its operational and logistics capabilities and and to expand its market with the utilization of the fresh funds raised.
Managing Partner of Trifecta Capital – Rahul Khanna commented, “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 lockdown. We look forward to continue supporting them as they grow their footprint going forward”.
Founded by Ex-Flipkart executives and IIT KGP alumni Khushnud Khan and Rishi Raj Rathore, the company provides a range of solutions to retailers and is aiming to serve 50,000 retailers in the coming year. The Bengaluru-based start-up has its operations in Delhi-NCR, Bengaluru, Kolkata, Chennai and Hyderabad.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.