Indian hyperlocal courier startup Dunzo has raised $40 million from existing investor Google and others.
“This capital stems from a year of robust growth amidst the pandemic,” Dunzo said in a statement. “As cities reopen, (Dunzo) continues to see strong growth across user segments.”
Besides Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada and Alteria also participated in the fundraising round.
The Bengaluru-based Dunzo said it allows users to order groceries and other essential items from nearby stores as well as run pick-up and drop errands within the eight cities it operates in.
“As merchants go digital, Dunzo is helping small businesses in their digital transformation journey,” said Caesar Sengupta, vice president at Google, which has set aside $10 billion for digital investments in India over five to seven years.
Dunzo is an Indian technology company co-founded by Kabeer Biswas (CEO), Mukund Jha (CTO), Dalvir Suri and Ankur Aggarwal.
Dunzo operates as the logistical layer of a city, providing delivery services in Bengaluru, Delhi, Gurgaon, Pune, Chennai, and Hyderabad. Its service allows it to move food, groceries, packages, and people. The company also operates a Bike Taxi service in Gurgaon.