Reliance bought dunzo
WebJan 7, 2024 · Reliance Retail acquired the minority stake by leading Dunzo’s $240m funding round. Dunzo’s existing investors such as Lightbox, Lightrock, 3L Capital and Alteria … WebJan 22, 2024 · In January 2024, Reliance Retail acquired a 25.8 percent stake in Bengaluru-based Dunzo, valuing the company at about $800 million. Founded by Kabeer Biswas in 2016, the $240 million shot in the ...
Reliance bought dunzo
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WebReliance Retail on Thursday said that it has led a $240 million investment round in on-demand delivery startup Dunzo, acquiring a 25.8% stake in the Bengaluru-based … WebJan 6, 2024 · New Delhi, Jan 6 (PTI) Reliance Retail has bought a 25.8 per cent stake in Dunzo, India’s leading quick commerce player, for USD 200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. Dunzo has raised USD 240 million (about Rs 1,787 crore) in its latest funding […]
WebJan 9, 2024 · That’s why Reliance invested $200 million in Dunzo. Most news websites just wrote that “Reliance invested in Dunzo”. But this wasn’t just a simple investment. It was a partnership. After the deal, JioMart gets access to Dunzo’s quick delivery service. And Dunzo gets access to JioMart’s huge customer base. WebJan 6, 2024 · Reliance Retail said it has led a $240 million funding round in quick commerce firm Dunzo and will now own 25.8% stake in the Bengaluru-based startup, marking the oil …
WebJan 10, 2024 · Reliance Industries' retail arm Reliance Retail Ventures Limited (RRVL) recently acquired a stake in Bengaluru-based rapid delivery platform Dunzo, announcing its entry in the quick delivery segment. RRVL bought a 25.8 per cent stake in Dunzo for $240 million, valuing the company at about $800 million. The deal will give Dunzo the much … WebJan 21, 2024 · According to Fintrackr’s estimates, Dunzo has been valued at $765 million (post-money) following the Series F round. Its valuation took a jump of over two-fold in less than a year as compared to the last round in March 2024 when it was valued at $300 million. With 25.86% stake, Reliance Ventures has emerged as the largest stakeholder in Dunzo.
WebJan 6, 2024 · Dunzo has raised USD 240 million (about Rs 1,787 crore) in its latest funding round that was led by Reliance Retail Ventures Ltd(RRVL) – the retail arm of Reliance Industries, the two firms said ...
WebDec 1, 2024 · Revenue from operation of Dunzo in FY 2024-2024. In fiscal year 2024, the operating revenue of Dunzo amounted to 543 million Indian rupees in India. This was a significant increase as compared to ... buxton mickleover sportsWebDunzo has raised a total of $382.6M in funding over 18 rounds. Their latest funding was raised on Nov 30, 2024 from a Debt Financing round. Dunzo is funded by 35 investors. BlackSoil and Reliance Retail are the most recent investors. buxton market townWebJan 6, 2024 · Reliance Industries Ltd's retail arm has invested $200 million for a 25.8% stake in Indian online delivery platform Dunzo to get a foothold into the rapidly growing market of superfast dispatch of ... ceiling fans christchurchWebJan 6, 2024 · Reliance Retail Ventures has led a $240mn fundraise in Dunzo, and bought a 25.8% stake. With this deal, big boy Reliance via Dunzo will be entering Indian retail’s newest battleground: quick commerce. Dunzo has been perfecting its instant 15-20 minute deliveries in Bengaluru, and is getting set to take it to another 10-15 cities beginning with … ceiling fans cheap wholesaleWebJan 7, 2024 · Reliance Retail has bought a 25.8% stake in Dunzo, India’s leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery ... buxton me weatherWebDec 11, 2024 · The total funding was to the tune of $240 million. Out of the $240 million raised by Dunzo in this round, $200 million came from Reliance Retail with the balance coming from the other early investors in Dunzo. The $200 million investment will give Reliance Retail a 25.8% stake in post-diluted equity. The latest Reliance deal pegs the … buxton met weatherWebJul 22, 2024 · Reliance pays ₹ 2,165 cr. for the new shares in JustDial, ₹ 1,332 cr. for what they buy from Mani, and ₹ 2,222 cr. for the open offer. In total, they’re paying ₹ 5719 cr. for 67% of JustDial, valuing it at ₹ 8,500 cr. Now JustDial will have around ₹ 3,700 cr. in cash, which means that net of cash, the business is valued at less ... buxton me to portland me