Private Equity

PE Fund Investments

Quick commerce startup Dunzo looking to raise over $250-M

Mint  

Hyperlocal delivery startup Dunzo Digital Pvt Ltd, backed by the likes of Reliance Retail Ventures and Google, is planning a $250-300 million fundraise to help with its expansion plans. The company expects to dilute about 10-15% in this round. Reliance Retail acquired a 25.4% stake in January. Dunzo's other shareholders include Google while the Dunzo cofounders and management team own around 20% of the company. The company has around $200 million in the bank as cash reserves. It expects to do another pre-IPO round – possibly a $500 million round - before it goes public eventually in 2024.