Retail tech startup Arzooo raises $70 million

Arzooo, the business-to-business (B2B) retail tech startup, has raised $70 million in its Series B round from SBI Investment, an arm of Japan’s SBI Group, and Trifecta Leaders Fund. Tony Xu, the founder of DoorDash, also invested in the current round, making Arzooo his first India investment, the company said in a statement on Wednesday.

Existing investors Celesta Capital and 3 Lines VC participated in this round too. The company had previously raised a Series A round from Celesta and 3 lines, followed by an investment from Zoom’s founder Eric Yuan. Including the latest fundraise, Arzooo has raised $85 million since its inception in 2018.