Funding updates

Dunzo mops up $40 Mn in Series E round

E-commerce agency and Google-backed Dunzo has attracted a contemporary spherical of $40 (about ₹292.7 crores)million in capital from new and present traders. Investors together with Google, Evolvence, LGT Lightstone Aspada, Alteria, Hana Financial Investment, and Lightbox participated in this Series E Round.

5 year old Dunzo said Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others participated in its Series E financing round, which brings its to-date raise to $121 million.

This capital stems from a year of robust growth amidst the pandemic. In the coming year, the local commerce platform will focus on deploying its playbook for sustainable growth and its fastest-growing cities such as Mumbai, Hyderabad, Chennai, and Pune it added.

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