Dunzo, a local commerce platform on Monday has raised a USD 40 million (around Rs 292.7 crores) capital from a bunch of investors including Google, Alteria, Lightbox, Hana Financial Investment among others.
The funding session included participation from both existing and new fundraisers. The funding values of the company is marked at $180-200 million and has raised a total of $81 million by delivering more than 2 million customers every month.
“This capital stems from a year of robust growth amidst the pandemic. In the coming year, the local commerce platform will focus on deploying its playbook for sustainable growth across its fastest-growing cities such as Mumbai, Chennai and Pune,” said the company.
The company is focused on gaining a better consumer-oriented platform satisfying needs of its customers without any delay. The company proved to be an aid for over 300 neighbourhoods across eight cities, delivering essential goods to its users. It aims to establish itself as one of the largest marketing platforms that would deliver the most efficient logistics solution to its every customer.
“Over the last year, we have built a model that understands Indian cities deeply and empowers offline commerce to deliver to consumers instantly. We believe in giving local merchants a fighting chance while creating sustainable earning opportunities for delivery partners,” said Kabeer Biswas, CEO Dunzo.
The company is presently serving Bengaluru, Mumbai, Delhi-NCR, Chennai, Hyderabad, Jaipur, and Pune. It also has bike taxi services in Gurugram, Hyderabad, and Noida.
