Mukesh Ambani’s Reliance Retail has invested $200 million or around Rs 1,488 crore in Bengaluru-based quick commerce player Dunzo for a 25.8 per cent stake on a fully diluted basis. The move will help Reliance get a foothold in the country’s growing quick delivery market. Dunzo raised a total of $240 million in this latest round led by the Reliance Industries Ltd arm. The other existing investors were Lightbox, Ligthrock, 3L Capital and Alteria Capital, who participated in the round.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The funding will be used to strengthen Dunzo’s vision to excel in the quick commerce business, enabling instant delivery of essentials from a network of micro warehouses while also expanding its B2B business vertical to enable logistics for local merchants in Indian cities.
Important takeaways for all competitive exams:
India is famous for its delicious sweets made from milk, sugar, jaggery, and flour. Every…
The Reserve Bank of India (RBI) has approved the appointment of Mr. Vivek Tripathi as…
Shiv Ratan Agarwal the Chairman and Managing Director of the Bikaji Foods International Ltd has…
The National Panchayati Raj Day 2026 is observed on the April 24 every year across…
Dhar has been selected for the Safe Cities Project 2026 and it marks the major…
The Athletics Integrity Unit (AIU) have upgraded the India to the Category A. This category…