Rajiv is based out of Delhi-NCR and writes stories on startups, corporates, entrepreneurs of all kinds, and yes, marketing and advertising world. His ‘historic feats’ include graduation in history from Hansraj College, master's in medieval Indian history from Delhi University, and PG diploma in journalism from Bharatiya Vidya Bhavan. Another forgettable achievement was spending over a decade at The Economic Times as his maiden job. For the first seven years, he learnt the craft on the desk, and the remaining years were spent unlearning and writing for Brand Equity and ET Magazine. What keeps him going, and alive, apart from stories is the heavenly music of immortal legend RD Burman.
The fresh funding for Dunzo comes at a time when hyperlocal delivery players have shot into prominence again, in the extended nationwide lockdown due to Covid-19. Image: Shutterstock
Hyperlocal delivery startup Dunzo is about to raise a $55 million to $70 million round from a clutch of existing and new investors over the next few days. The new round values the five-year old firm at over $250 million, according to sources requesting anonymity. While Dunzo’s existing investors could not be reached out for comment, Dunzo confirmed that it has witnessed keen interest from investors.
“We've definitely witnessed a growing interest from the global investor community,” a spokesperson said in an email response, adding that the company would comment on investment opportunities at the right time.
The fresh funding comes at a time when hyperlocal delivery players have shot into prominence again, due to the extended nationwide lockdown due to Covid-19. In fact, players from different shades of businesses are hopping into the hyperlocal gravy train to survive the tough time. Take, for instance, online food delivery players Zomato and Swiggy, or Domino’s, all of which have started delivering groceries.
The Bengaluru-based player, which counts Lightbox Ventures and Google among its backers, reportedly raised $45 million last October from a slew of investors, including 3L Capital and STIC Investment & STIC Ventures.
