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Dunzo raises USD 28 million in Series E round funding

Bengaluru: Hyperlocal delivery startup Dunzo has raised around $28 million, as part of its Series E round led by Google International LLC and Lightstone Fund S.A, according to documents sourced from business information platform Tofler.

Google and Lightstone have already infused $15.65 million, the remaining amount would come from five existing investors, according to regulatory filings.

Speaking on the new development, a spokesperson for Dunzo said, At Dunzo our mission is to make our cities more accessible and to do so, we have to empower local businesses with the necessary e-commerce capabilities to master the changing marketplace. We 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. It is our humble contribution towards creating a thriving ecosystem for India that impacts users, merchants, and delivery partners. In light of this, we will not be able to comment further on this round,” said a Dunzo spokesperson.

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