India’s Arzooo, once valued at $310M, sells in distressed deal

Posted under: MSME
Date: 2024-11-22
India’s Arzooo, once valued at $310M, sells in distressed deal

Arzooo, an Indian startup valued at $310 million, has sold its assets in a distressed deal to Moksha Group. The startup aimed to empower small electronics retailers by providing bulk inventories, last-mile delivery, and working capital solutions. Arzooo raised $90 million from investors like SBI Investment and Tony Xu but struggled despite its innovative approach. Financial terms remain undisclosed.