Reliance Retail acquires over 25% stake in Dunzo for $200 million
India Today
In the latest round of funding, Dunzo has managed to raise $240 million with Reliance Retail Ventures Limited leading from the front. Existing investors such as Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the latest funding round.
Reliance Retail Ventures Limited (RRVL) has invested $200 million in Dunzo, a leading player in the quick commerce category. With the investment, RRVL will own a 25.8 per cent stake in the online delivery platform on a fully diluted basis.
In the latest round of funding, Dunzo has managed to raise $240 million with RRVL leading from the front. Existing investors such as Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the latest funding round.
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