Delivery Startup Dunzo Raises $240 Mn Funding; Reliance Retail Tops

Dunzo, a Bengaluru-based hyperlocal delivery startup, said that it raised $240 million in the latest round of funding. Reportedly, Mukesh Ambani's Reliance Retail topped among the investors by acquiring a 25.8% stake in the startup. Reportedly, the funding will help it to ramp its game against competitors. ''Dunzo is planning an initial public offering (IPO) in the next three years,'' informed Kabir Biswas, co-founder, and CEO of Dunzo.