Arzooo.com is a retail tech venture on mission to integrate over 300,000 brick & mortar stores and bring every store on same pedestal as their e-commerce peers Amazon and Flipkart.
It is an Integrated Retail network for consumer electronics with over 1200 stores powered by Arzooo. It enables a partner store to offer its customers the most extensive selection, best prices, without them having to stock everything. Backing this with attractive payments and financing solutions to drive up sales in-store.
An Arzooo powered store is multiplying its business with an increased conversion for existing category and creating cross-category opportunities by expanding categories without investment in Inventory. Physical stores remain a popular destination for Consumer electronics shoppers globally, and in India, they thrive on their unmatched reach into every neighbourhood and acquired trust from consumers.
Arzooo is equipping physical retail store to compete and grow in the age of Amazon & Walmart, this platform enable them with 10X bigger selection, competitive pricing and financing solutions to convert every walk into sales. In an exclusive interaction, Khushnud Khan, co-founder & CEO of Arzooo.com tell us more about his unique business model.
Tell us about your team. Are you bootstrape or have secured any funds so far?
We are 55 members strong in South India and have started to at expand our footprint in North and East India. Arzooo has raised USD 1 million in pre-Series A round led by Jabbar Internet Group. The start-up plans to use the fund towards technology innovation and market expansion.
What is the business problem that Arzooo addresses?
Physical stores remain a popular destination for Consumer electronics shoppers globally, and even more in India, they thrive on their unmatched reach into every neighbourhood and acquired trust from consumers.
Arzooo is equipping physical retail store to compete and grow in the age of Amazon & Walmart. Enabling them with 10X bigger selection, competitive pricing and financing solutions to convert every walk into sales
What is the eligibility criteria for signing retailers on the platform?
We follow a selective process of signing up stores on our platform. A typical retailer in our network operates with a Physical space of under 2000 Sqft with an average sale of 25-30 Lacs a month.
Tell us about the annual run rate .
We are currently running at an ARR of INR 200 Crores. Consumer electronics retail is estimated to be a $40 Bn market, and we are aiming for 20% of the pie by 2022.
How is Arzooo generating revenue and what is the business model?
We offer free adoption of our technology platform. We generate revenue from the sale proceeds when our partner stores buying their inventory using Arzooo platform.
Tell us about your growth and future Plans.
We are focusing on an extensive expansion of markets in the Northern and Eastern India by this Diwali following which we will also plan a deeper market penetration in West India.