Business Standard | 19/01/2021 03:10 PM | Click to read full article
Google-backed delivery and e-commerce firm Dunzo has attracted a fresh round of $40 million in capital from new and existing investors. Investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria participated in this Series E Round. The funding would help it compete with players such as Swiggy, Zomato, Amazon and Flipkart.
With a gross merchandise value (GMV) growth of 2X over the past year, Dunzo is now an about $100 million annualized GMV business.