News > Reliance Retail buys 25.8% stake in Dunzo

Reliance Retail buys 25.8% stake in Dunzo

Business Standard | 06/01/2022 07:40 PM | Click to read full article

Reliance Retail has bought a 25.8 per cent stake in Dunzo, India’s leading quick commerce player, for USD 200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business.

Dunzo raised USD 240 million in its latest funding round that was led by Reliance Retail Ventures Ltd – the retail arm of Reliance Industries, the two firms said in a statement.