Dunzo scouting for $100-200 M as talks with Tata Digital get stuck on deal terms

Tata Digital's potential investment in Dunzo is stuck over a critical contour of the deal, where the hyperlocal startup does not want to give majority control. While negotiating terms with the Tatas, Dunzo is simultaneously in active discussion with financial investors for a fresh USD 100-120 million at an estimated valuation of USD 500-600 million.