Dunzo is hyper-local commerce company that delivers groceries and essentials, fruits and vegetables, meat, pet supplies, food, and medicines in major cities. It provides a separate service for picking up and delivering packages within the same city.
The round is reported to be in advanced stages of talks and could finally close in the range of $70-100 million. Dunzo is going to raise the fresh funds primarily to expand its quick commerce service. Reliance Retail, the biggest stakeholder in Dunzo, and Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund, are expected to be the investors. Moreover, Dunzo is seeking to secure one or two more outside investors for this round.
Dunzo, Bangalore, India, was founded by Dalvir Suri, Mukund Jha, Kabeer Biswas, and Ankur Aggarwal in 2014. Dunzo started out as a small WhatsApp group, and transformed into a hyperlocal, app-based service. The firm currently provides its delivery services in eight Indian cities, including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai and Hyderabad.
