Arzooo has appointed Tushar Deshpande as vp, fintech. In his new position, he’ll lead the constitution of scaling service provider lending enterprise, Arzooo Credit. For Khushnud Khan, co-founder and CEO, Arzooo, the platform continues to construct a robust group at Arzooo. “We are looking forward to having Deshpande on-board to lead Arzooo Credit as we look to grow our financial services,” he said.
Deshpande brings with him 20 years of expertise in monetary companies, principally at ICICI financial institution, the place he was main the e-commerce and buyer spends, digital channels. In his earlier stint, he was heading Aditya Birla group’s fintech innovation cell. He has held senior roles at a number of main corporations corresponding to Ingersoll Rand, ABN AMRO, GE capital and DMI Finance.
Arzooo has disrupted offline retail with its enterprise to enterprise (B2B) commerce platform, Deshpande mentioned. “The idea of Arzooo Credit is a step forward to provide credit solutions to retailers to grow their business. I am looking forward to being a part of this innovation and to solve working capital concerns for retailers,” he added.
Arzoo (also called Sterne India) is a expertise firm growing a B2B e-commerce platform that assists retailers with the collection of items, provide chain, and sourcing. The platform has a enterprise mannequin of shopping for merchandise from respective manufacturers and provide companions, delivery the merchandise to its associate shops utilizing its personal logistics infrastructure, Arzooo Express. Incorporated in 2018, Arzooo was created by ex-Flipkart colleagues Khushnud Khan and Rishi Raj Rathore. The Bangalore-based retail tech platform has greater than 20,000 shops throughout South, North, and East India. Its investor portfolio consists of WRVI Capitals, 3 Lines VC, Jabbar Internet, Trifecta Capital, and Eric Yuan, founder, Zoom.
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Source: www.financialexpress.com”