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Arzooo secured an undisclosed sum in an extended Series B funding round with participation from SBI Investment, 3 Lines, and Trifecta.

Mar 20, 2024over 1 year ago

Round Type

series b

IndiaCommerce and Shopping

Investors

Trifecta3 LinesSbi Investment

Description

Arzooo, a B2B retail tech startup, has faced challenges such as delayed payments, layoffs, and funding crunches. Despite these challenges, the company announced an extended Series B funding round with the participation of investors like SBI Investment, 3 Lines, and Trifecta.

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