ImpactAlpha, January 10 — Bangalore-based delivery platform Dunzo helps small and local businesses fill online orders for food, medicine and consumer goods in 300 neighborhoods in India. Google backed the company last year as part of a $10 billion plan to accelerate India’s digital economy, particularly for small businesses.
Reliance Retail, an arm of Indian conglomerate Reliance Industries, led the round with a $200 million investment for a nearly 26% stake.
Digitalization
Dunzo will provide last-mile delivery services for Reliance’s retail stores. “Our merchants will get access to the hyperlocal delivery network of Dunzo to support their growth as they move their business online,” said Reliance’s Isha Ambani.
Participating investors include Lightrock, Lightbox, 3L Capital and Alteria Capital.
