B2B Retail Tech platform Arzooo extends its Series B round from existing investors

B2B Retail Tech platform Arzooo extends its Series B round from existing investors, including Celesta Capital, Trifecta Leaders Fund, and 3 Lines VC. However, Arzooo has not yet disclosed the amount.

Arzooo obtained $70 million in Series B funding from investors like SBI Investment, 3 Lines, Trifecta Capital, and DoorDash Founder Tony Xu in June 2022. Additionally, in September, the startup received Rs 20 crore ($2.4 million) in debt from Trifecta.

Arzooo, which was founded by Khushnud Khan and Rishi Raj Rathore in 2018, is a real-time reverse auction-based e-commerce platform for electronic and home appliances.

This funding will be used to enhance its technological infrastructure, improve operational efficiency, and further concentrate on consumer durables market in India.

The gross revenue of Arzooo in FY22 increased by 4.3 times, reaching Rs 1,117 crore from Rs 259 crore in FY21, but its losses increased to Rs 63 crore.

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