Exclusive: Google-Backed Dunzo Raises Yet Another INR 3 Cr In Series C Funding
Summary
As part of its ongoing Series C funding round, Bengaluru-based hyperlocal services provider Dunzo has now raised INR 2.99 Cr ($429.38K). In an emailed statement to Inc42, a company spokesperson avoided responding directly about the investment, and said, “With regards to speculative funding news, we at Dunzo have constantly wanted to steer the narrative and conversation in the ecosystem to a better product, user experience and what makes a dent in the business.” Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas, Dunzo is an enabler of tasks for users. Even then, the payments were restricted to cash-on-delivery or select bank cards, because the customer confidence was largely still in physical retail stores. After shopping for clothes, electronics and accessories online, the next-gen revolution came when startups enabled users to order perishables such as fruits, vegetables, dairy products, emergency needs and everything else at the comfort of their home and delivery in a few hours. Dunzo’s biggest competitor right now is Swiggy, which forayed into the delivery of an on-demand hyperlocal category, from flowers and vegetables to health and supplements, with the launch of ‘Swiggy Stores’ integrated within the app.