Private Equity

PE Fund Investments

Electronics marketplace Arzooo.com raises $70-M from Japan's SBI Holdings

Economic Times  

Business-to-business (B2B) consumer electronics startup Arzooo.com has raised USD 70 million in equity funding from Japan's SBI Holdings, Trifecta Leaders Funds, and existing investors including Celesta Capital and 3 Lines Venture Capital. Tony Xu, the founder of US-based online food ordering platform Doordash, has also invested in the round. The startup has onboarded 30,000 physical retail stores across 22 states and offers them access to a wide range of inventory, helping them better compete with online platforms such as Amazon and Flipkart. It will use the new funds to invest in technology and scale its business in the category that is claimed to be a USD 65-billion market.