Bengaluru-based retail tech startup Arzooo on Wednesday raised $6 million from Trifecta Capital.
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“The funds will be used for network expansion, scaling up its supply chain capabilities to deliver better services to its partner stores,” Arzooo said in its statement.
Speaking on the investment in Arzooo, Rahul Khanna, managing partner, Trifecta Capital said, “Neighbourhood stores are a fantastic channel to drive digitization, inventory expansion, and price competitiveness over online retailers. Arzooo has seen a strong demand recovery post the COVID-19 lockdown.”
“We look forward to continuing supporting them as they grow their footprint going forward,” Khanna added.
