Jabbar Internet Group, one of the leading Dubai-based tech investors founded by the co-founders of Souq and Maktoob has led a million-dollar Pre-Series A in Arzooo, an Indian retail tech startup founded by former Flipkart executives, Arzooo announced in a statement to MENAbytes yesterday. The round was also joined by some other investors from India and United Kingdom.
Arzooo, founded by Khushnud Khan and Rishi Raj Rathore, is a retail tech startup that enables physical retailers to compete with online platforms. Both Khushnud and Rishi previously worked for Flipkart, the leading Indian ecommerce platform that was acquired by Walmart last year. That’s where the two met initially and came up with the idea.
Arzooo’s tech platform ‘Go Store’ enables its partner stores to offer a large selection of products to customers without having to invest (or own) inventory. The platform allows retailers to buy over 5,000 products from 100 brands with its one-touch order solution without having to deal with wholesalers, distributors or suppliers. The product purchased by retailers through Arzooo gets delivered to their shop or directly to a customer within 24 hours.