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
