Dubai’s Jababr Internet Group invests in India’s Arzooo

Dubai’s Jababr Internet Group invests in India’s Arzooo

Source: Money Control

B2B Retail-tech firm, Arzooo on Tuesday said it has raised $7.5 million (about Rs 55.3 crore) in a funding round led by US-based WRVI Capital.

Arzooo's existing investors, 3Lines Venture Capital, another US-based investor and Jabbar internet of UAE also participated in the Series A round, a statement said.

The startup will leverage funds for tech-up-gradation and market expansion, it added.

Arzooo was founded by Khushnud Khan and Rishi Raj Rathore in 2018 and currently operates in Bengaluru, Delhi-NCR, Chennai, Kolkata and Hyderabad.

The company said it will scale operations in Eastern and Western regions of the country, and ramp its tech platform - Go Store.

The company aims to serve 50,000 retailers in the next year.

"Our strong growth over the past year is a testimony to the positive impact Arzooo has had