Google, Lightbox, others invest $40 mn in e-comm, delivery startup Dunzo

Dunzo witnessed a robust growth amid the Coronavirus (Covid-19) pandemic and is now a $100 million annualised GMV value business

Google-backed delivery and e-commerce firm Dunzo has attracted a fresh round of $40 million in capital from new and existing investors. Investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria participated in this Series E Round. The funding would help it compete with players such as Swiggy, Zomato, Amazon and Flipkart.
 

This capital comes after a year of robust growth amidst the Coronavirus (Covid-19) pandemic. In the coming year, the local commerce platform will focus on deploying its playbook for sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune. With a gross merchandise