Reliance Retail to invest $200 mn in delivery firm Dunzo for 25.8% stake

Currently, Dunzo is available across 7 metro cities in India and the additional capital will be used to expand the quick commerce business to 15 cities

Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for USD 200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business.

Dunzo raised $240 million in its latest funding round that was led by Reliance Retail Ventures Ltd - the retail arm of Reliance Industries.

Existing investors Lightbox, Ligthrock, 3L Capital and Alteria Capital also participated in the funding round.

"This round is a reinstatement of confidence of existing and new investors in Dunzo’s potential and success in creating an exceptional user experience. The capital will be used