Reliance backs Dunzo in $240 Mn funding, picks 25.8% stake

India’s quick and rapid delivery space has just got more interesting with hyperlocal delivery startup Dunzo announcing on Thursday that it has raised $240 Mn in a fresh funding round. Reliance Retail, which owns Jio Mart, has spearheaded the latest funding round. The Mukesh Ambani promoted company has reportedly contributed $200 Mn in the round…

ByGirish ShettiJanuary 6, 20220Comments

Funding News

Dunzo gets second tranche in ongoing Series E funding round from Lightbox and Moving Capital

Hyperlocal startup Dunzo has received second tranche from existing investors Lightbox and Moving Capital in the on-going series E round that is nearly worth $28 Mn. While the existing investors Google and Lightstone have already pumped $15 Mn in the first tranche, in the second tranche Lightbox and Moving Capital have collectively infused nearly INR…

ByGirish ShettiSeptember 21, 20200Comments

News

Dunzo Debuts on Google Pay for Delivering Essentials

Personal Concierge app Dunzo has partnered with digital payment major Google Pay for delivering essential products. With this partnership, Google Pay has integrated Dunzo app on its platform as a strorefront for delivering groceries and other essentials. Dunzo app’s integration in Google Pay is hardly surprising, considering that the former is a Google backed company. In…

ByGirish ShettiMay 29, 20200Comments

Funding News

Dunzo raises $11 Mn from Existing and Venture Debt Specialist Altera Capital

Dunzo, a hyperlocal startup headquartered in Bengaluru, has secured fresh funding of $11 Mn from existing investor and venture debt specialist Altera Capital. Google-backed Dunzo raises fresh debt capital from Altera Capital The company hinted that it will utilize the debt capital to sustain and fuel growth in profit-orientated markets. Vinod Murali, Managing Director Altera Capital, said that…

ByGirish ShettiFebruary 19, 20200Comments

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