Dealflow | January 20, 2021

Google invests in Dunzo to advance India’s digital economy

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 20 — Dunzo’s delivery platform helps small and local businesses fill online orders for food, medicine and consumer goods in 300 neighborhoods across India.

The company is “helping small businesses in their digital transformation journey in support of business recovery,” from COVID’s economic impacts, said Caesar Sengupta of Google, which has backed the company’s $40 million funding round with LGT Lightstone Aspada, Lightbox, Evolvence and Hana Financial Investment. 

Google plans to invest $10 billion over seven years to accelerate India’s digital economy, particularly for small businesses. “Building products for India first has helped us build better products for users everywhere,” writes Google’s Sundar Pichai.