Hyperlocal Delivery Platform Dunzo Raises Series C Investment


Bangalore based daily task management startup Dunzo which runs the hyperlocal delivery services through its mobile app has confirmed picking up $9.84 million in fresh funding from a clutch of investors that include new as well as existing ones.

The series C financing is part of the larger round which was led by Google, Blume Ventures, Alteria Capital, Greyhound and Beeline as per the RoC filings of the firm. With the fresh capital infusion, the total amount raised by the company now stands close to $30 million. As per the RoC filings with the Ministry of Corporate Affairs filings, the fresh funds will be used for the expansion of the company's business. A chunk of the amount will go towards product development as well.

Dunzo was launched in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas and Mukund Jha. The company currently offers the services in Bengaluru, Delhi, Gurgaon, Pune, Chennai, and Hyderabad. Notably, in Gurgaon, the firm offers Bike Taxi service as well.

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The chat-based task management platform allows the users to make a to-do-list and get their job done with the help of services from Dunzo. The tasks include paying bills, getting car services, repairing, restaurant deliveries, groceries, home services, and instant local courier services. The company has deployed an artificial bot along with a human operator which answers questions on the platform.

The company competes against established players like Swiggy Stores, Grofers and BigBasket who are heavily funded and have made a strong customer base. The fresh funds will allow Dunzo to stand and compete shoulder to shoulder against the rivals.


Image Courtesy : Dunzo, NewsMinute

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