Arzooo, an Indian startup that is attempting to bring the “best of e-commerce” to physical stores, has raised $70 million in a new financing round as it looks to scale its retail platform across the South Asian market.
SBI Investment and Trifecta Leaders Fund led the Bengaluru-headquartered startup’s Series B funding. Tony Xu, founder of Doordash, Celesta Capital and 3 Lines VC also invested in the new round, which values it at $310 million. The startup has raised over $85 million across different rounds to date.
Millions of retail stores in India are struggling to compete with large retail chains and e-commerce giants Amazon and Flipkart be …
