Arzooo, an India-based startup helping retail stores to access cheaper and available inventories to make e-commerce possible has raised $70 million in its new funding round led by SBI Investment and Trifecta Leaders Fund.
- The fund will be invested in expanding its business operations to more States in India and launching customer-facing services.
- Arzooo works with big brands to secure large inventories and deliver to retail outlets at cheaper rates, making it feasible to retain customers with the best prices, alongside capital provisions for retailers.
- The startup currently offers over 10,000 different products to more than 30,000 retail shops in India in the consumer durables and electronics space.
- It has raised $85 million across its rounds since launch and is now valued at $310 million.