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Cash-strapped Dunzo to raise ₹249 cr from Reliance, others: Report
short by Nidhi Sinha / on Monday, 25 September, 2023
Cash-strapped Dunzo is set to secure around ₹207.83 crore-₹249 crore, Moneycontrol reported. Investors like Reliance Retail and Google will reportedly participate in the funding round. As per the report, Reliance Retail, which is Dunzo's largest shareholder, will increase its ownership in the Indian delivery startup with the investment. Dunzo will reportedly use the funds to pay salaries to staff.
read more at Moneycontrol