• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Indian Courier start-up, Dunzo bags $40M funding from Google & others

by Chhavideep Singh
January 20, 2021
in Business, Startups
Reading Time: 2 mins read
0
Dunzo
TwitterWhatsappLinkedin
Dunzo
Source: Medium

Dunzo is a Bengaluru-based hyperlocal courier and delivery platform that bridges users to their nearest delivery partner. Recently, the start-up has announced to raise USD 40 million in funding from existing backers Google and others as the businesses recorded high demand due to the COVID-19 pandemic.

You might also like

DHL to Lay Off Over 360 Workers as Major California Warehouse Shuts Down Amid Industry Upheaval

SoftBank Group Posted its First Annual Profit in Four Years Sparks Renewed Investor Confidence

Trump Residences Gurugram Phase 2 Sold Out, Nets ₹3,250 Cr

Hyper-local courier services among other digital services have grown to become highly popular during these past months of the COVID-19 induced lockdowns. As mentioned in a report by Gadgets Now, Zomato and Swiggy have also recorded a fresh rise in demand in these past months along with Dunzo as both of these also run a hyperlocal courier and delivery service.

Founded back in 2015 by Dalvir Suri, Ankur Aggarwal, Mukund Jha and Kabeer Biswas, Dunzo fetches and delivers anything and everything within a city (hyperlocal). The start-up’s services include delivery of supplies, food, medicines, packages, groceries among many other things.

Dunzo is currently operational in Delhi, Gurugram, Bengaluru, Chennai, Hyderabad and Pune. However, according to the company profile on CrunchBase, Dunzo also operates a bike Taxi service in Gurugram.

During the COVID-19 induced lockdowns when everyone was forced shut in their houses, delivery service, Dunzo witnessed high demand from the market and after one year of strong growth during the worldwide pandemic as the cities re-open, the start-up continues to grow across various segments, as mentioned by the company in a statement.

According to several reports, Dunzo’s latest financing round also saw participation from existing investors including Google, Hana Financial Investment, Evolvence, Mumbai-based Venture Debt fund- Alteria Capital and UK-based LGTLightstone.

Caesar Sengupta, Vice President at Google says that Dunzo is helping small businesses and micro-enterprises in making their digital transformation. For your information, Google has set aside ‘Google For India’ Growth Fund worth USD 10 billion for digital investments in the country which will be invested in over five to seven years. Dunzo received its funding from this Google for India growth fund.

Keeping aside the latest fundraise by Dunzo, in a total of previous 15 financing rounds, the hyperlocal delivery start-up has raised total funds worth USD 120.1 million with the previous investment being concluded on December 10, 2020, from existing backer, Alteria Capital in a debt funding round.

The COVID-19 threat has severely impacted many start-ups and businesses, only those who had a digital presence has been able to survive while according to the significantly changed consumer behaviour during these past few months, educational technology and financial technology sectors have profited the most.

The demand for hyperlocal delivery is natural during a pandemic and as claimed by Dunzo, the start-up continues to seek growth after the situation settles in a post-pandemic environment.

Tags: DunzofundingGoogle
Tweet54SendShare15
Previous Post

Darwinbox bags 15M in Series C round from Salesforce Ventures

Next Post

Starlink launch delayed due to bad weather and safety inspections

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

DHL to Lay Off Over 360 Workers as Major California Warehouse Shuts Down Amid Industry Upheaval

by Anochie Esther
May 14, 2025
0
DHL

DHL is preparing to lay off more than 360 employees as it shutters a major warehouse in Ontario. The closure, set to begin this July and complete by...

Read more

SoftBank Group Posted its First Annual Profit in Four Years Sparks Renewed Investor Confidence

by Anochie Esther
May 14, 2025
0
SoftBank Group

In a much-needed win for Japan’s investment powerhouse, SoftBank Group has posted its first annual profit in four years a financial milestone that not only signals a rebound...

Read more

Trump Residences Gurugram Phase 2 Sold Out, Nets ₹3,250 Cr

by Ishaan Negi
May 14, 2025
0
Trump Residences Gurugram Phase 2 Sold Out, Nets ₹3,250 Cr

In a stunning affirmation of India’s booming luxury real estate sector, Trump Residences Gurugram—a joint venture between Tribeca Developers and the Trump Organization—has sold out its second phase,...

Read more
Next Post
SpaceX is going to launch another Starlink satellite today

Starlink launch delayed due to bad weather and safety inspections

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?