Home Apps Dunzo Raises $40 Million in Funds From Google, More Investors

Dunzo Raises $40 Million in Funds From Google, More Investors

Dunzo Raises  Million in Funds From Google, More Investors

Dunzo has raised $40 million (roughly Rs. 290 crores) from current investor Google and others after seeing a surge in utilization in the course of the COVID-19 pandemic.

As many Indians stayed indoors for a lot of 2020 due to the well being disaster, Dunzo and food-delivery apps Zomato and Swiggy recorded a recent surge in reputation. Naspers-backed Swiggy additionally runs a hyperlocal courier service.

“This capital stems from a 12 months of sturdy progress amidst the pandemic,” Dunzo mentioned in an announcement. “As cities reopen, (Dunzo) continues to see sturdy progress throughout consumer segments.”

In addition to Google, Lightbox, Evolvence, Hana Monetary Funding, LGT Lightstone Aspada, and Alteria additionally participated within the fundraising spherical, the Bengaluru-based firm added.

Dunzo permits customers to order groceries and different important objects from close by shops in addition to run pick-up and drop errands throughout the eight cities it operates in.

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“As retailers go digital, Dunzo helps small companies of their digital transformation journey,” mentioned Caesar Sengupta, vice chairman at Google, which has put aside $10 billion (roughly Rs. 73,100 crores) for digital investments in India over 5 to seven years.

© Thomson Reuters 2021


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