Dunzo is a Bengaluru-based, six-year-old hyperlocal delivery and quick-commerce service operating in seven Indian cities. Its platform enables customers to buy groceries, perishables, pet supplies, medicines, meals and to send items around the city. Last year it entered instant delivery in Bengaluru promising 15–20 minute deliveries and said it is seeing over 20% week-on-week growth. The company announced a fresh round that values it at $775 million and plans to use the funds to expand to eight additional cities and broaden its quick-commerce offering. Dunzo counts investors such as Google (previous Series E), Blume Ventures, Lightbox and others, and positions itself as a challenger to Amazon, Flipkart, Swiggy, Zomato and Zepto. Dunzo operates an eponymous hyperlocal delivery platform across nearly a dozen Indian cities, connecting users to neighborhood stores and restaurants for groceries, perishables, pet supplies, medicines and ad-hoc pickups. The service is used for a wide range of use-cases, from grocery delivery to moving items such as chargers, wallets or lunch boxes across town. Dunzo positions itself as a partner in merchants' digital transformation and says it is focused on building sustainable unit economics and capital responsibility. The company reported an annual gross merchandise value (GMV) of about $100 million. The article notes that GMV is an imperfect growth metric and has traditionally signaled companies that are not close to profitability, which it says is true for Dunzo. Management frames future plans around deepening merchant relationships and continuing platform expansion to serve local commerce needs. Dunzo operates a hyperlocal delivery platform focused on making cities more accessible by connecting users, merchants, and delivery partners. The company says its mission includes empowering local businesses with e-commerce capabilities and improving product and user experience. Dunzo emphasizes creating a thriving ecosystem that benefits users, merchants and delivery partners. The firm has recently pursued additional capital as part of that effort. According to regulatory documents, Dunzo has secured new funding as it continues to develop its platform and merchant-facing offerings. No operating metrics were disclosed in the article. Dunzo operates a hyperlocal delivery service in India that competes with food and grocery delivery businesses and e-commerce players. The company is positioned as a growing rival to established food and grocery delivery firms and larger e-commerce giants. It recently secured new financing to support an expansion of its hyperlocal delivery operations across India. The raise was reported as Google-backed, indicating investment or support from Google. The funding is intended to accelerate Dunzo's growth and geographic expansion within India. The article did not disclose revenue, user metrics, or other financial details. Dunzo Digital runs the Dunzo task management app, which fulfils grocery and restaurant deliveries, instant local courier and home services. The company was founded in 2015 by Kabeer Biswas, Ankur Agarwal, Dalvir Suri and Mukund Jha and is Bengaluru-based. Filings show Dunzo allotted 2,000 Series E non-convertible debentures (NCDs) of Rs 1 lakh each to existing investor Alteria Capital to raise Rs 20 crore in debt. The company raised Rs 34.56 crore in the last month from Alteria Capital via debentures and preference shares. With the recent additions, total debt raised by Dunzo stands at Rs 56 crore. TechCircle estimates Dunzo's valuation between $63 million and $65 million.

Total raised

$384M

Funding rounds

9

Latest round

Equity

Latest activity

Jan 2022