Page 31 - Quick Commerce News Today

Reliance Retail leads $240 million funding in Bengaluru-based quick commerce startup Dunzo and will acquire 25.8 percent of the company.

Quick commerce player Dunzo has raised $ 240 million in its latest round of funding in investment that was led by Reliance Retail Ventures Limited, with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital.

Uniindia: Mumbai, Jan 6 (UNI) Reliance Industries Limited (RIL)s retail arm Reliance Retail has acquired a 25.8 per cent stake in online delivery platform Dunzo with an investment of USD 200 million.

In the latest round of funding, Dunzo has managed to raise $240 million with Reliance Retail Ventures Limited leading from the front. Existing investors such as Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the latest funding round.

The capital will be used to further Dunzo’s vision to be the largest quick commerce business in the country, enabling instant delivery of essentials from a network of micro warehouses .

Q-Commerce is here to stay and while online grocery firms made it their own, we check which category is most likely to embrace it next.

Reliance Retail picks up 25.8% stake in Dunzo for $200 mn

Dunzo, a leading player in the quick commerce category, announced on Thursday that it has raised $240 million in its latest round of funding led by Reliance Retail Ventures Limited (Reliance Retail).

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).

DAVIS, CALIF. (PRWEB) January 04, 2022 -- Engage3, which helps retailers and brands profitably grow revenue and drive store trips by tracking and optimizing