WebJan 6, 2024 · 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 round that was led by Reliance Retail Ventures Ltd ... 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 in a statement. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.
Kabeer Biswas Of Dunzo Exclusive On Partnership With Reliance
WebJan 7, 2024 · Of the total capital, Reliance Retail pumped USD 200 million into Dunzo for a 25.8% stake, becoming its largest shareholder. As per a report by local media Economic Times (ET), the deal has pushed Dunzo’s valuation to USD 775 million, up from USD 300 million. Dunzo is one of the key players in the country’s soon-to-be USD 5 billion quick ... WebApr 6, 2024 · Indian online delivery platform Dunzo has secured funding of $75 million (roughly Rs. 614 crores) through convertible notes and is laying off about 30 percent of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.. The layoffs, which will affect over 300 workers, are part of a rejig announced by founder … reforesta shop
Reliance Retail picks 25.8 stake in Dunzo - The Week
WebDec 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 … WebJan 6, 2024 · 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 … WebJul 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 ... reforesta inc