Dunzo to raise $28 million from Google, Lightstone and others

Bengaluru: Hyperlocal conveyance startup Dunzo has raised around $28 million, as a component of its Series E round drove by Google International LLC and Lightstone Fund S.A, as indicated by archives sources from business data stage Tofler.

Google and Lightstone have just implanted $15.65 million, the rest of the sum would originate from five existing investors, as indicated by regulatory filings.

Dunzo has dispensed 10,310 Series E aggregate obligatory convertible inclination shares (CCPS) to Google LLC and Lightstone at ₹1,13,811.63 per share and has gotten ₹117.5 crore or $15.66 million. The other five investors-Lightbox Ventures III, 3 L Capital I, LP, Pivot Ventures, Moving Capital Lp and Bhoruka Finance Corp – will together imbue another $12.34 million.

Entrackr first revealed the news on Tuesday.

“… At Dunzo our main goal is to make our urban communities more available, and to do as such, we need to engage nearby organizations with the essential online business capacities to ace the evolving commercial center. We have continually needed to control the account and discussion in the biological system to a superior item, client experience, and what makes a scratch in the business. It is our unassuming commitment towards making a flourishing environment for India that impacts clients, dealers, and conveyance accomplices. Considering this, we won’t have the option to remark further on this round,” said a Dunzo representative.

In July, Dunzo endured an information break that spilled telephone numbers and email locations of its clients, the organization’s central innovation official (CTO) Mukund Jha had said. Jha’s post said that the workers “of an outsider” Dunzo works with were undermined, and it permitted the aggressors to get “unapproved access” and penetrate the organization’s information base.

Richa Pandit

Hi, This is Richa Pandit, Blogger & writer on Businessrooters.

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