Dunzo, a local delivery app raised $45 million in a fresh round of Series D from Lightbox Ventures, Google, 3L Capital, and STIC Investment & STIC Ventures. With this round, its total funding raised to date is $81 million.
This round of investment was driven by Dunzo’s growth rate in the last 18 months and a business model that focuses on profitability. Clocking over 2 million deliveries, Dunzo has implemented a cross-category delivery model, with an average delivery taking 28 minutes across its 8 cities.
Dunzo will be deploying the funds to establish itself as the logistics layer for India, picking up and dropping almost anything and everything a consumer could want to buy and ship while integrating merchants and delivery partners on the platform.
Founded by Kabeer Biswas, Mukund Jha, Dalvir Suri, and Ankur Aggarwal in 2015, Dunzo is a hyperlocal e-commerce company that connects merchants, partners, and users to facilitate transactions across courier, commerce, and commute. Dunzo is present in the top 8 cities in India, including Bengaluru, Mumbai, Delhi NCR, Chennai, Hyderabad, and Pune.
Dunzo also has bike taxi services in Gurgaon, Hyderabad, and Noida. Headquartered in Bangalore, Dunzo is backed by Google, Blume Ventures, Aspada Investments, Lightbox Ventures, STIC Ventures, and 3L Capital.