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Hyperlocal Tasks Management App dunzo Bags $12.3M From Google

Hyperlocal Tasks Management App dunzo Bags $12.3M From Google

Alphabet Inc’s tech giant Google has led a $12.3 million round in Bangalore based Dunzo Digital Pvt Ltd owned daily tasks management app Dunzo, ET reported.

The round also saw participation from its existing investors Blume Ventures and Aspada Investment Advisors, a person familiar with the development told the source.

The investment is part of Google’s Next Billion Users (NBU) push.

The startup, which is present only in Bengaluru right now, plans to expand to other cities across India.

“We want to expand to top 5-6 cities by end of 2018 and scale up from 1 lakh transactions a month right now to 1 lakh transactions a day,” Biswas told ET.

dunzo provides hyper local services like employ its app for an assortment of errands such as pick up food or grocery from that don’t have delivery services of their own. The tasks such as picking up your mobile phone from a repair shop or a charger that you forgot at your friends’ place is also done by dunzo.

Where the sector of hyper-local services wasn’t that fruitful for some, dunzo gets around 3500 task orders on daily basis.

The Bengaluru based startup had earlier raised a funding of $2 million from Blume Ventures and Aspada Investments. It has over 1350 riders active for completing tasks and claims to have logistically broken even in Bengaluru, saying that delivery charges cover the logistics costs per delivery.

It has also started a serious monetisation push over the last couple of quarters, tying up with merchants selling electronics, medicines and groceries and charging a commission.

 


 

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