Techno Hour

Indian retail tech startup all set to launch “Go Store” via new investments

Arzooo, a Bengaluru-based retail tech startup, has raised an undisclosed amount from Silicon Valley’s venture capitalist, Bill Tai and Zoom meeting app’s founder Eric Yuan. With the new investment, the company is planning to step into the technology forte, operations and quality of service. It will also build funds to launch its B2B platform, i.e., ‘Go Store’.In the month of October, Arzooo raised approximately $7.5 Mn in Series-A funding which was led by WRVI Capital. It received participation from its existing investors 3Lines Venture Capital, and UAE’s Jabbar Internet Group among others.

Arzooo was founded by Rishi Raj Rathore and Khushnud Khan in 2018. It is a retail technology platform that empowers retail stores. The company currently operates in more than twenty cities including Delhi NCR, Bengaluru, Chennai, Hyderabad and Kolkata among others.

While Arzooo is the first Indian investment of Eric, Bill Tai has been among the investors’ board of Zoom Video, Twitter, Canva, and colorgenomics.

Following the recent investment, Khushnud Khan, cofounder of said, “Having one of the biggest Tech entrepreneurs, who has built a $100 billion technology company with Zoom, is a great addition to the team. In addition to the most recent investment, Eric’s entrepreneurial journey and experience will be a great intellectual capital for us.”

Arzooo has a number of competitors including Amazon, ShopClues, Flipkart and Zefo. The company, however, claims to have approximately five thousand partner stores since its inception and is expected to spread across the country very soon.

Bill Tai said, “Arzooo has proven its ability to create massive efficiency for operators across thousands of stores by leveraging data to create network effect efficiency in the supply chain, distribution, and logistics for their network of retailers. The result is better selection and pricing for customers throughout the system. This investment should fuel a 10X growth for Arzooo as it accelerates strongly.”

Tags: Technology

Recent Posts

Netflix Delays Launch of ‘Paid Sharing’ Feature Amidst Global Crackdown on Password Sharing

Netflix, the globally acclaimed streaming platform, holds the distinction of being the most widely streamed…

2 days ago

Windows 11 Introduces AI-Powered Windows Copilot and Expands AI Capabilities: A Transformative Computing Experience

In today's world, the application of AI can be observed in various everyday scenarios. Artificial…

4 days ago

Srichand Parmanand Hinduja: Visionary Industrialist and Hinduja Group Successor Remains Uncertain

Renowned British industrialist of Indian descent, Srichand Parmanand Hinduja, passed away at the age of…

7 days ago

India’s Nuclear Doctrine: Navigating the Path to Deterrence and National Security

China possesses a formidable military force, including a significant stockpile of nuclear missiles. Notably, in…

1 week ago

Social network concern: Facebook mishandling user’s data

People are concerned about whether they should use Facebook or not, as there is no…

1 week ago

Unresolved Russia-Ukraine Conflict Amplifies Global Food Crisis, Putting Millions at Risk

The world is witnessing the ongoing Russia - Ukraine conflict, which has completed nearly 400…

2 weeks ago