Dunzo raises $45mn funding from Google, Lightbox and others
Hyperlocal delivery platform Dunzo raised $45 million in a funding round led by Lightbox, 3L Capital, and South Korea’s STIC Investment & STIC Ventures. The round also saw the participation of the current investor, Google.
With the newly infused capital, the platform is expected to boost its operations by picking and dropping from almost everything to anything that a customer would want to buy or ship. It is also looking to incorporate more delivery partners and merchants. The company currently clocks over two million deliveries on a month-to-month basis, with
With the newly infused capital, the platform is expected to boost its operations by picking and dropping from almost everything to anything that a customer would want to buy or ship. It is also looking to incorporate more delivery partners and merchants. The company currently clocks over two million deliveries on a month-to-month basis, with
average delivery time ranging up to 28 minutes, per delivery.
Kabeer Biswas, co-founder and Chief Executive Officer (CEO) at Dunzo said that the company has always earnest on building a reliable business model that ensures customer’s satisfaction at every level. Talking more about the funding, he said, “We are on course to building the largest commerce platform in the country with the most efficient logistics solution for each city.”
A chat-based task management application which allows users to create to-do lists for all their errands, Dunzo was founded in 2015 by Kabeer Biswas, Ankur Aggarwal, Mukund Jha and Dalvir Suri. Through this app, one can avail services like grocery and food delivery, home services and courier services. The platform is currently operational in nine cities including Bangalore, Delhi, Mumbai, Pune, Chennai and Hyderabad.
Compatible with both iOS and Android devices, Dunzo uses both AI and human operators to make its services accessible on its mobile application. The last round of funding raised by the company was in May from Kalpavriksh, which is a PE arm of Centrum, a financial services firm. Dunzo also raised $6.5 million in February from a bunch of new and existing investors including the chairman and CEO of MakeMyTrip, Deep Kalra. The company is currently backed by Blume Ventures, Alteria Capital and Google.
Kabeer Biswas, co-founder and Chief Executive Officer (CEO) at Dunzo said that the company has always earnest on building a reliable business model that ensures customer’s satisfaction at every level. Talking more about the funding, he said, “We are on course to building the largest commerce platform in the country with the most efficient logistics solution for each city.”
A chat-based task management application which allows users to create to-do lists for all their errands, Dunzo was founded in 2015 by Kabeer Biswas, Ankur Aggarwal, Mukund Jha and Dalvir Suri. Through this app, one can avail services like grocery and food delivery, home services and courier services. The platform is currently operational in nine cities including Bangalore, Delhi, Mumbai, Pune, Chennai and Hyderabad.
Compatible with both iOS and Android devices, Dunzo uses both AI and human operators to make its services accessible on its mobile application. The last round of funding raised by the company was in May from Kalpavriksh, which is a PE arm of Centrum, a financial services firm. Dunzo also raised $6.5 million in February from a bunch of new and existing investors including the chairman and CEO of MakeMyTrip, Deep Kalra. The company is currently backed by Blume Ventures, Alteria Capital and Google.