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Dunzo, local commerce and delivery startup, has raised $40 million from its existing investors Google, Lightbox, and others.

  • Dunzo’s latest funding comes when stories of it having scripted a remarkable turnaround have been doing the rounds.
  • The startup had last raised $11 million in venture debt funding from Alteria Capital in February 2020.

Dunzo, neighborhood trade and conveyance startup, has raised $40 million from its current speculators Google, Lightbox and Evolvence, Hana Financial Investment, LGT Aspada, Alteria Capital, among others.  

The startup had last brought $11 million up in endeavor obligation financing from Alteria Capital in February 2020.  

Dunzo's most recent subsidizing comes when accounts of it having scripted an amazing turnaround have been doing the rounds. As indicated by an Entrackr report, Dunzo's income has developed by multiple times in FY20 to ₹359.5 crore, while its misfortunes swelled to ₹330.8 crore.

 

Indeed, even with the rising misfortunes, it is a huge rebound from FY19, when it had enrolled a deficiency of ₹168.9 crores for a skinny income of ₹76.59 lakh. The organization said that its gross product volume is currently twofold that of the earlier year and stands at $100 million.  

"Dunzo's central goal resounded more grounded than at any other time in 2020. We have been astounded by everything Merchants and Users have begun to rely upon the stage for. We really accept we are composing a playbook for how hyperlocal organizations can be worked with reasonable unit financial aspects and capital duty," Dunzo Digital CEO and prime supporter Kabeer Biswas said.

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