Dunzo raises $40 MN from existing investors including Google, others
Dunzo raises $40 MN from existing investors including Google, others

Bengaluru-based Dunzo has raised $40 million in Series E funding from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others.

The hyper local delivery start-up is planning to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the coming year.

Also Read: Dunzo launches foodcourt, partners with over 30 restaurants for multiple ordering

"As a team, we are more focused than ever to enable local merchants to get closer to their users and build one of the most loved consumer brands in the country," shared Kabeer Biswas, Co-Founder & CEO, Dunzo.

According to the brand, they witnessed a strong organic user demand in the pandemic-hit 2020 and is now approximately a $100 million business in annualised gross merchandise value (GMV), a two-fold increase over the past year.

Must Read: Dunzo data breach leaks personal information of over 3 million users

"As merchants go digital, Dunzo is helping small businesses in their digital transformation journey in support of business recovery," said Caesar Sengupta, VP, Google by adding that through their India Digitization Fund, they’re committed to partnering with India’s innovative start-ups to build a truly inclusive digital economy that will benefit everyone.

 
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