Dunzo, an all-in-one 24X7 delivery platform that picks and delivers anything and everything within the city, announced that it has raised $28 million in its ongoing Series E funding round led by Google and Lightstone Fund, according to YourStory report.
Dunzo has issued compulsorily convertible preference shares (CCPS) to both Google and Lightstone with each share carrying a face value of Rs 55 with a premium of Rs 1.13 lakh, filings with the RoC reveal.
Other investors that participated in the current funding round are Lightbox, 3 L Capital, Moving Capital, Pivot Ventures, and Bhoruka Finance Corporation. Some of the other key investors in Dunzo include Blume Ventures and Aspada among others. Earlier in 2019, Dunzo had raised $45 million in Series D funding round.
Founded in 2015 by Kabeer Biswas and others, Dunzo has a strong positioning in the hyperlocal delivery space. The startup has its presence in eight cities – Bengaluru, Mumbai, Delhi, Hyderabad, Chennai, Gurugram, Pune, and Jaipur.
“Dunzo delivers packages, groceries, food, medicines, pet supplies, and more. Founded and headquartered in Bengaluru, Dunzo has consistently proved its mettle as a convenience app and has grown from strength to strength. Currently, we stand fully operational in 8 cities and counting!,” as per their LinkedIn page.
–AN
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.