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Dunzo gets $2 mn from venture debt, Alteria Capital

 

Dunzo Digital, which is a Bangalore based hyperlocal logistics app, has now secured $2.04 million with a combination of both the equity and venture debt funding provider Alteria Capital.

Around $1.82 Million was secured with the help of debt round by issuing the Series D of non-convertible debentures while the rest of them was issues using the Series C1 class of compulsorily convertible preference shares according to the report which has been revealed.

“We at Dunzo have constantly wanted to steer the narrative & conversation in the ecosystem to a better product, user experience, and what makes a dent in the business,” a spokesperson for Dunzo said in an e-mailed response.

Dunzo was founded by the Ankur, Dalir, Mukund, and Kabeer in 2015. It started off as a chat-based task management app that even allows the users to create a to-do list. It even fulfills tasks like the restaurant and groceries deliveries, home services, and instant local courier services. The platform uses both human operations and artificial Intelligence to offer its services.

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