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Dunzo, a Bengaluru-based quick commerce startup, is seeking additional funding from Reliance Retail. The company is reportedly looking to raise $20 million from Reliance Retail, which is a subsidiary of Reliance Industries.
Dunzo was founded in 2015 by Kabeer Biswas, Ankur Aggarwal, and Mukund Jha. The company provides a platform that allows users to order groceries, food, and other items from local stores. Dunzo has raised over $100 million in funding from investors such as Google, Sequoia Capital, and Lightspeed Venture Partners.
The additional funding from Reliance Retail will be used to expand Dunzo’s operations in India. The company is also looking to expand into new categories, such as groceries and food delivery.
Here are some additional details about the funding:
- The funding is expected to close in the next few months.
- The funding will be used to expand Dunzo’s operations in India.
- The company is also looking to expand into new categories, such as groceries and food delivery.
The funding is a sign of the growing interest in the quick commerce space in India. The quick commerce market is expected to grow to $500 billion by 2025, and Dunzo is well-positioned to capitalize on this growth.
