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

Quick Summary:

The deal comes after Arzooo engaged with several startups, including Bengaluru-headquartered Udaan, exploring potential merger opportunities, according to people familiar with the matter.

Arzooo, an Indian startup that sought to bring “the best of e-commerce” to physical stores, has sold its assets in a distressed sale to Moksha Group.

Neither Moksha nor the startup disclosed financial terms of the deal.

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Article Details

Author / Journalist: Manish Singh

Category: StartupsBusiness

Markets: United StatesIndia

Topics: In Brief Commerce Arzooo Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 03:01:05 (3 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 176 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23780947

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