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Arzooo snags fresh funding in extended Series B round

Jan 29, 2024almost 2 years ago
IndiaCommerce and Shopping

Investors

3 Lines Venture CapitalDoordash's Founder Tony XuTrifecta Leaders FundSbi Investment

Description

Arzooo has raised an undisclosed amount in an extended Series B funding round from existing investors including SBI Investment, Trifecta Leaders Fund, Doordash's founder Tony Xu, and 3Lines Venture Capital, with plans to focus on the consumer durable market in India.

Company Information

Company

Arzooo

Location

India

About

The four-year-old startup also provides these businesses with working capital, giving them up to $25,300 in revolving credit. The startup, which currently operates in consumer durables and electronics category and provides stores with access to over 10,000 different products, says it works with over 30,000 retail stores in India.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers