Dunzo, a hyperlocal delivery startup, announced it has raised $40 million in Series E funding round from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others.
The company plans to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the coming year.
“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,” said Dunzo cofounder and chief executive Kabeer Biswas.
The startup said it has supported over 300 neighbourhoods across eight cities in the past six months, delivering essential goods to users within 29 minutes on average.
“As merchants go digital, Dunzo is helping small businesses in their digital transformation journey in support of business recovery,” said Caesar Sengupta, vice-president, Google. “Through our India Digitization Fund, we’re committed to partnering with India’s innovative startups to build a truly inclusive digital economy that will benefit everyone.”
Founded in 2015 by Kabeer Biswas and others, Dunzo has its presence in eight cities – Bengaluru, Mumbai, Delhi, Hyderabad, Chennai, Gurugram, Pune, and Jaipur.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.