Tata Digital is in talks to buy a significant stake in hyperlocal delivery start-up Dunzo. The potential deal may value the platform anywhere between $150-200 million. This platform is backed by big players in the market like Google, Blume Ventures, and Lightbox, to name a few.
The hyperlocal delivery start-up Dunzo Digital Pvt. Ltd, had earlier raised $40 million in its series E round of funding. The company is also planning to raise $150 million to expand its reach, and accelerate to become a $1-billion revenue business soon.
Dunzo was established in 2015 by Ankur Agarwal, Kabeer Biswas, Mukung Jha, and Dalvir Suri. Dunzo had also raised $11 million from Alteria Capital back in February 2020. The same investor had provided the company a capital of $1 Million in November 2018. As per a valuation report filed with the Registrar of Companies, Dunzo was valued at $220 million exactly one year ago in June 2020.
Categories: Corporate M&A