Dunzo on Tuesday revealed that it has managed to raise $40 million in funding from it’s investors Google and Lightbox. Many new and existing investors participated in the funding round i.e., LGT Lighthouse, Aspada, Hana Financial, Google and many more.
Dunzo plans to expand its eCommerce business in major cities which include Mumbai, Pune and Chennai. The company revealed that it is currently valued at $100 million annualized on gross merchandise value.
In the last 6 months, Dunzo has supported more than 300 neighborhoods across 8 major cities delivering essential goods to its consumer’s.