WebJan 6, 2024 · Reliance Retail said it has led a $240 million funding round in quick commerce firm Dunzo and will now own 25.8% stake in the Bengaluru-based startup, marking the oil … WebJan 6, 2024 · Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its …

Reliance Retail invests $200 mn in Dunzo; to pick 25.8% stake

WebJan 6, 2024 · Reliance Industries Ltd's retail arm has invested $200 million for a 25.8% stake in Indian online delivery platform Dunzo to get a foothold into the rapidly growing market of superfast dispatch of ... WebReliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery... robert scott knitted cardigan

Reliance-backed Dunzo nears fresh funding of $50 million

WebJan 6, 2024 · Reliance Retail has bought a 25.8 percent stake in Dunzo, leading quick commerce player, for $200 million as it looks to expand its presence in the online grocery delivery business. Dunzo raised $240 million in its latest round led by Reliance Retail, existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. WebJan 6, 2024 · In a statement, Reliance Retail said it has led a $240 million investment round in Dunzo, of which it has put in $200 million. This values the Bengaluru-based startup at a little over $775 million. The round also saw participation from Dunzo’s existing investors, including Lightbox, Lightrock, 3L Capital and Alteria Capital. WebApr 6, 2024 · What’s driving the news: Reliance Retail –the single largest investor in Dunzo with nearly 26% stake–and Google have wired about $50 million of capital in the Bengaluru firm as part of a $75 million financing through convertible notes. Rest of the money is likely to come from other existing investors. We told you first on January 6 about this round … robert scott jr fsu