Kabeer biswas - Latest News Update, Information, Photos & Videos on Kabeer biswas at Lokmat Times

Bengaluru, Jan 19 Homegrown hyperlocal delivery platform Dunzo on Tuesday said it has raised $40 million (approximately Rs 293 crore) in its Series E funding round with participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others."This capital stems from a year of robust growth amidst the pandemic," the company said in a statement.Dunzo said that in the coming year, the platform will focus on deploying its playbook for sustainable growth across its fastest-growing cities such as Mumbai, Chennai and Pune."Dunzo's mission resonated stronger than ever in 2020. We have been amazed by everything merchants and users have started to depend on the platform for," Dunzo Digital CEO and Co-founder Kabeer Biswas, said in a statement."We truly believe we are writing a playbook for how hyperlocal businesses can be built with sustainable unit economics and capital responsibility."Bengaluru-based Dunzo said that with a gross merchandise value (GMV) growth of 2X over the past year, the platform is now about $100 million annualised GMV business."As merchants go digital, Dunzo is helping small businesses in their digital transformation journey in support of business recovery," said Caesar Sengupta, Vice President, Google.Over the past six months, the platform has supported over 300 neighbourhoods across eight cities, and has delivered essential goods to users within 29 minutes.Dunzo offers a full-stack of services across commerce (consumables, pet supplies, health, and wellness), courier (pick up and drop), and commute (bike taxi).( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Kabeer BiswasFOLLOW

Kabeer biswas, Latest News

Business :Dunzo raises $240 million funding in a round led by Reliance Retail

Dunzo, a leading player in the quick commerce category, announced on Thursday that it has raised $240 million in its latest round of funding led by Reliance Retail Ventures Limited (Reliance Retail). ...

Technology :Dunzo raises Rs 293 cr in Series E from Google, Lightbox

Bengaluru, Jan 19 Homegrown hyperlocal delivery platform Dunzo on Tuesday said it has raised $40 million (approximately Rs ... ...