In the last six months, Dunzo supported over 300 neighbourhoods across 8 cities, delivering essential goods to users within 29 minutes on average. Its relentless push for mobilising Indian cities and empowering the merchant ecosystem has made it the ‘go-to’ local commerce product in the country. As cities reopen, it continues to see strong growth across user segments.
"As merchants go digital, Dunzo is helping small businesses in their digital transformation journey in support of business recovery," said Caesar Sengupta, vice president, Google.
"Through our India Digitization Fund, we’re committed to partnering with India’s innovative startups to build a truly inclusive digital economy that will benefit everyone,” said Sengupta.
Vaidhehi Ravindran, principal, LGT Lightstone Aspada, said Dunzo is building a beloved consumer services brand that redefines hyperlocal supply chains and empowers small merchants, partners, and consumers alike. "We are very excited to have been part of Dunzo’s journey from the start,” said Ravindran.
Another investor Evolvence, said that with the market potential and size of the urban convenience seekers increasing across tier-1 and tier-2 cities, Dunzo’s strong value proposition makes it a bold venture ripe for success. “Its playbook on profitability has further instilled confidence in its ability to grow sustainably and we look forward to being a part of its story,” said Evolvence.
Last year in December, Glance, the world’s leading lock-screen platform owned by Bengaluru-based mobile ad network InMobi Group, raised $145 million from Google
and Silicon Valley billionaire Peter Thiel’s Mithril Capital, an existing investor in the company. The new financing round has helped the 18-month-old Glance become the fastest company to reach unicorn status or a start-up valued at more than $1 billion, revealed industry sources.
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