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:
National News India Approves Anhydrous Ammonia Fertilizer to Boost Sustainable Farming India has approved the…
The Reserve Bank of India (RBI) got permission from the Indian Government to roll out…
The e-Zero FIR system has been introduced by the Gujarat Government to facilitate cyber financial…
Gujarat has secured its position as a frontrunner among India’s states with Geographical Indication (GI)…
On 29th July, 2026 International Tiger Day will be observed worldwide, to raise the global…
In July 2026, Sarnath got included in the UNESCO World Heritage List which helped Uttar…