Retail tech firm Arzooo raises $70 mn in Series B led by Japan’s SBI group

Retail technology platform Arzooo, has raised $70 million in Series B round of funding led by SBI Investment, arm of Japan’s SBI Group and Trifecta Leaders Fund. Tony Xu, the Founder of Doordash has also invested in the current round, making Arzooo his first India investment.

Existing investors including Celesta Capital and 3 Lines VC also participated in the round. The Company had previously raised a Series A from Celesta and 3 lines, followed by an investment from Zoom founder Eric Yuan. Arzooo has raised a total of $85 million so far.

The firm will use the latest funding to scale its tech platform, which is focused on boosting growth at stores.