Placeholder canvas

Delivery startup Dunzo expands its operations to Mumbai

Date:

Dunzo has expanded its operations launching into Mumbai and currently running its services in the suburb of Powai. The startup gears up for expansions in the city and outside, with new offerings even as it is in discussions to raise funds for the same purposes.

Dunzo announced via social media platforms Twitter and Instagram that is now live in Mumbai. It is also planning to expand its bike taxi service- Pillion, to Jaipur this month, The Economic Times reported. The on-demand delivery startup delivers groceries as well as drops and picks up items forgotten by people or to be delivered from one place to another. “We should do about 2 million orders this month. Last month ended at 1.6-1.7 million orders with Bangalore contributing 40% of it,” CEO Kabeer Biswas had told Mint earlier his month in an interview.

 

ALSO READ: Paytm founder invests in alternative asset manager Roots Ventures

 

It is currently present in Gurugram, Pune, Hyderabad, Chennai and Delhi, besides Bangalore.

Dunzo plans to have eight-odd million monthly transactions in about nine cities by the end of the current year, 25 million monthly orders next year, Biswas added.

To facilitate the aggressive growth and expansion, Dunzo is also in talks with venture capital firm Lightbox Ventures to lead a $50 million round, Mint reported on May 29. Dunzo’s other investors include technology giant Google, Aspada Investment Advisors and early stage venture capital firm Blume Ventures, besides venture debt firm Alteria Capital.

 

 

For viral videos and Latest trends subscribe to NewsMobile YouTube Channel and Follow us on Instagram

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

H1B Visa: USCIS Gears Up For Lottery Selection For Fy-25

Due to a technical issue with its website, the USCIS delayed the deadline for visa applications for the financial year 2025 by three days from March 22nd to March 25th, 2024

To Browbeat And Bully Others Is Vintage Congress Culture: PM Modi After 600 Lawyers Write CJI

New Delhi: In response to the voiced apprehensions of...

Allu Arjun’s ‘Pushpa’ Saga: Trilogy Confirmed with ‘The Roar’ Title

As the dust settles from the electrifying release of...

IPL 2024: Delhi Capitals Win Toss, Opt to Bowl First Against Rajasthan Royals

Jaipur: Delhi Capitals (DC) skipper Rishabh Pant won the...