Startup Dunzo to become an on-demand platform

Startup Dunzo to become an on-demand platform 1

Dunzo began as a platform from a small WhatsApp group and then converting into a hyperlocal, app-based service. It is headquartered in Bangalore and currently providing delivery services in Bengaluru, Delhi, Gurgaon, Pune, Chennai and Hyderabad, maintaining its services and facilities across India. the on-demand platform also operates a Bike Taxi service in Gurgaon. Founded by Kabeer Biswas, along with Co-founders Ankur Agarwal, Dalvir Suri, and Mukund Jha, it marked its beginning in July 2014. Kabeer Biswas was an alumnus of the University of Mumbai.

“Dunzo can change the way you move things, how you shop and lets you access your city like never before,” states the app. It further notes, “We’re an app that connects you to the nearest delivery partner who can make purchases, pick up items from any store or restaurant in the city and bring them to you.”

Reaching the ladder of success and marking its eventual growth, Dunzo also climbs the heights of risks by involving with the concierge startup itself. Dunzo raised its first round of funding of US$650k in March 2016 from Blume Ventures, Aspada Ventures, followed by other investors that included, Rajan Anandan, MD of Google India and Sandipan Chattopaday.

Recently, this startup raised $3.1 million (Rs 22.49 crore) in Series C round of funding that was led by Lakshmi Narayanan, Cognizant’s co-founder and former CEO, along with Blume Ventures, Raintree Family Office (family office of the stationary giant Camlin), and Monika Garware Modi, vice chair person and joint MD at polyester film manufacturing company Garware Polyester. According to the reports, Narayan contributed with maximum amount of Rs 7 crore followed by Rs 6.9 crore invested by Blume, Rs 5 crore by Raintree and Rs 3.49 crore by Modi.

Back in December 2017, Google picked up a minority stake in Dunzo for an unrevealed amount and that was global search engine giant’s first direct investment in an Indian startup. While, earlier in November 2016 Dunzo also secured $1.18 million in its Series A funding from Aspada Investment Advisors.

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Written by Srikanth

Passionate Tech Blogger on Emerging Technologies, which brings revolutionary changes to the People life.., Interested to explore latest Gadgets, Saas Programs

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