Dunzo’s One Of Four Co-Founders To Leave The Startup
On-demand grocery delivery platform Dunzo said, “one of its co-founders will leave the startup.” Mukund Jha is reportedly to exit the Dunzo, making him the second co-founder to depart within a week. Before this, Dalvir Suri left the company. It is said that this step has been taken after considering the company’s poor position in…
Monika Gola
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources. Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
John David
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…