Last updated : October 28, 2020 11:58 am
The company raised $7.5 million in Series A funding led by WRVI Capital to boost their technology, quality of service and reach to fulfil the goal of equipping retail stores with technology and facilitate profitable business.
India’s rapidly growing retail tech start-up, Arzooo announced that it raised $7.5 million in Series A funding led by WRVI Capital. The company is allocating funds for tech-up gradation and market expansion.
Khushnud Khan, Cofounder of Arzooo.com, states, “Our strong growth over the past year is a testimony to the positive impact Arzooo has had on the business of physical retailers. The current fundraise will help us boost our technology, quality of service and reach to fulfil our goal of equipping each retail store with technology to grow and perform profitable business.”
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“Arzooo has in less than two years, through its initial focus on $50 billion consumer durable segment, demonstrated a highly scalable product market fit, especially in a country where local, medium and small retailers dominate the market. Arzooo’s technology ad localised demand-supply integration offers great scalability to retail stores for both product expansion and profitability, which is a win-win for all,” exclaimed Sudhir Rao, Managing Partner WRVI Capital India.
The company presently has its operations in Bengaluru, Delhi-NCR, Chennai, Kolkata and Hyderabad, and will soon work on expanding its business in the Eastern and Western parts of India.