Arzooo, India’s fastest growing retail-tech startup, has raised $6 million from Trifecta Capital. The startup will leverage funds for market expansion and scaling its logistics and operational capabilities.
Arzooo’s B2B business witnessed strong growth through the Covid-19 pandemic and the company is aiming to hit a $500 million sales run rate this year. Arzooo currently operates across South, North, and eastern India and will now be scaling its operations in Mumbai, the rest of Maharashtra, and Gujarat soon.
The startup will also channelize funds to ramp up its Supply chain infrastructure with technology and operational capabilities to increase its reach across the country and to serve over 50,000 retail stores that it plans to work with and improve the speed of delivery, service experience, and operational efficiency.
Commenting on the funding, Khushnud Khan, CEO and Co-Founder, Arzooo, says, “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.”
Rahul Khanna, Managing Partner, Trifecta Capital, states, “We're proud to partner with Arzooo, a fast-growing Retail Tech platform in the Consumer Durables space. Neighborhood 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.”
Arzooo in October last year announced its series A fundraise of $7.5 mn led by WRVI Capital along with its existing investors. Soon after in November 2020, Arzooo had another investment coming from Zoom Video founder Eric Yuan, this also marked Eric’s first-ever investments in an Indian tech start-up.