Bangalore, November 16, 2020: Zoom meeting app's founder Eric Yuan and Silicon Valley's leading venture capitalist, Bill Tai have invested an undisclosed amount in retail-tech startup, Arzooo.com. Arzooo will utilize the funds to scale Technology, operations and quality of service. It currently operates in over 20 cities across the country. The startup will also channelize funds to ramp its B2B platform - 'Go Store'."

Arzooo is Eric's first investment in India and Bill Tai has 22 IPOs to his credit and was among the very first investors in Twitter, Zoom Video, Wish.com, Canva, and ColorGenomics.




Commenting on the investment, Bill Tai says, "Arzooo has proven its ability to create massive efficiency for operators across thousands of stores by leveraging data to create network effect efficiency in 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."

Sharing his views on the recent investments, Khushnud Khan, cofounder of Arzooo.com says, "Having one of the biggest Tech entrepreneurs, who has built a $100 billion technology company with Zoom, is a great addition to the team. Alongside the investment, Eric's entrepreneurial journey and experience will be a great intellectual capital for us".

"Bill is known for identifying some of the best technology startups early on and backing them. Him coming onboard Arzooo is great validation of our platform and how we demonstrated a robust and scalable product-market fit", Khushnud adds.

"Arzooo's 'Go Store' is the unique technology platform that solves the big problem of selection; price and complex supply chain & sourcing for offline retailers. The company aims to serve 50,000 retailers in the next year through its expansion.

About Arzooo.com:

Arzooo.com is a retail technology venture empowering physical retailers to compete and grow against e-commerce platforms like amazon and Flipkart, with its technology platform.

Arzooo's unique technology platform is India's fastest growing integrated retail network with over 5000 partner stores. Spread across 10+ cities, Arzooo enables a partner store to overcome broader limitations of physical retail and offer its customers the largest inventory selection, best price and fastest delivery, without them having to stock everything. This is backed by attractive payments and financing solutions to drive up sales and conversion in- store.

Arzooo is founded by ex-Flipkart colleagues and IIT-Kharagpur alumn, Khushnud Khan and Rishi Raj Rathore, in the year 2018 in Bangalore. Since its inception, Arzooo has seen tremendous growth and has enabled over 5000 partner stores to grow sales and compete with bigger sellers and online marketplace.

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