Tuesday, November 5

Tag: dunzo

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore
10Nov By Gauri SinghNo Comments
FUNDING

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

Dunzo, a daily tasks management app based in Bengaluru has reportedly secured funds amounting to Rs 7 crore ($962,500) in a funding round. This funding round was led by venture debt firm Alteria Capital. The company plans to utilize these funds for general corporate purposes and to expand its services, the filings stated. The company is run by Dunzo Digital and according to the filings with the Registrar of Companies, it raised this sum early this month by issuing secured non-convertible debentures. Prior to this, Dunzo raised $12. 3 million (Rs 80.8 crore) in a Series B funding round in December 2017 led by ed by global technology giant Google. The deal also marked Google’s first direct investment into an Indian company. The company was founded by Biswas, Ankur Aggarwal, Dalvi...
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Hyperlocal Tasks Management App dunzo Bags $12.3M From Google
5Dec By RishabhNo Comments
FUNDING

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 deli...
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