Total amount raised
$421.8 Million
Latest funding date
4/1/2023
Location
Dunzo has successfully raised significant funding through multiple rounds, with its latest being Series F. The platform offered a hyper-local delivery service, connecting users to nearby delivery partners for groceries, food, and medicines, until it shut down in January 2025.
What Is Dunzo?
Dunzo, founded in 2015 in Bengaluru, Karnataka, India, was a hyper-local delivery app that connected users to nearby delivery partners until it shut down in January 2025. The platform offered a range of services, including the delivery of groceries, food, medicines, and pet supplies.
The company was established by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha.
By August 2024, Dunzo had cut its team to a skeleton crew of about 50 employees, and it entered insolvency proceedings in 2025.
How Much Funding Has Dunzo Raised?
- Series C
- Amount Raised: ₹29.9M
- Date: June 2019
- Lead Investors: Belltower Fund Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its service offerings and improve delivery infrastructure.
- Debt Financing
- Amount Raised: $2.8M
- Date: August 2019
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and enhance delivery capabilities.
- Series D
- Amount Raised: $45M
- Date: October 2019
- Lead Investors: Lightbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Debt Financing
- Amount Raised: $11M
- Date: February 2020
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain liquidity and support business growth.
- Series E
- Amount Raised: $28M
- Date: September 2020
- Lead Investors: Google, Lightrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand delivery network.
- Series E
- Amount Raised: $12M
- Date: January 2021
- Lead Investors: Alteria Capital, Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve service efficiency and customer experience.
- Series E
- Amount Raised: $8M
- Date: March 2021
- Lead Investors: Krishtal Advisors, Ranjan Patwardhan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and technology upgrades.
- Series E
- Amount Raised: $240M
- Date: January 2022
- Lead Investors: Reliance Retail
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance market presence.
- Debt Financing
- Amount Raised: ₹500M
- Date: November 2022
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain liquidity and support business growth.
- Series F
- Amount Raised: $75M
- Date: April 2023
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To revamp business model and achieve profitability.
Total amount raised: $421.8M. Current valuation: Not publicly disclosed. The June 2019 and November 2022 rows are stated in rupees and are not included.
Key Investors
- Google
- Details: Google is a multinational technology company specializing in Internet-related services and products. It is known for its search engine, online advertising technologies, and various software and hardware products.
- Investment Focus Areas: Technology, digital services, cloud computing.
- Notable Investments: Waymo, DeepMind, Verily.
- Reliance Retail
- Details: Reliance Retail is a subsidiary of Reliance Industries, one of the largest retail companies in India. It operates a wide range of retail stores across various sectors.
- Investment Focus Areas: Retail, e-commerce, consumer goods.
- Notable Investments: JioMart, Urban Ladder, Netmeds.
- Lightbox
- Details: Lightbox is a venture capital firm that invests in early-stage consumer technology companies. It focuses on helping startups scale and grow.
- Investment Focus Areas: Early-stage consumer technology, e-commerce, digital media.
- Notable Investments: Rebel Foods, Furlenco, Melorra.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing solutions to high-growth startups in India. It aims to support companies through various stages of their growth.
- Investment Focus Areas: High-growth startups, venture debt, technology.
- Notable Investments: Dunzo, Lendingkart, ZestMoney.
- BlackSoil
- Details: BlackSoil is an alternative credit platform that provides debt financing to high-growth companies. It focuses on offering flexible financing solutions.
- Investment Focus Areas: Debt financing, technology, healthcare.
- Notable Investments: Dunzo, OYO, LetsTransport.
What's Next for Dunzo?
Dunzo's app and website shut down in January 2025, and the NCLT Bengaluru bench admitted the company into insolvency proceedings in 2025. Reliance Retail has written off its investment in Dunzo.
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