Reliance Retail Invests $200 Million In Dunzo

Reliance Retail invests $200 million in Dunzo. This investment is expected to further strengthen the hold of Reliance Retail in the retail sector. 

New Delhi, January 6, 2022: Reliance Retail, the company of well-known industrialist Mukesh Ambani, has announced an investment of $ 200 million in India’s leading quick commerce company Dunzo.

Reliance Retail will now own a 25.8% stake in Dunzo. Dunzo has received a total investment of $ 240 million.

With the capital, Dunzo will build a network of smaller warehouses to allow for immediate delivery of goods. Along with this, the company will also focus on the expansion of the B2B business.

The company’s services are currently available in 7 metro cities which will be expanded to 15 cities soon. Dunzo is the market leader in the USD 50 billion ‘quick commerce category’ market.

Recently the company has started its services in Bangalore. The company’s focus is on home delivery of fruits and vegetables in 15-20 minutes.

Reliance Retail invests $200 million: Apart from the funding, Dunzo and Reliance Retail will also have some business partnerships between themselves.

Dunzo will provide hyperlocal logistics for retail stores operated by Reliance Retail as well as last-mile delivery for JioMart’s merchant network.

Speaking on the investment, Isha Ambani, Director, Reliance Retail Ventures Ltd. said, “We are seeing a change in online consumption patterns and Dunzo has impacted us immensely in this sector.

The partnership with Dunzo will enable us to offer greater convenience to Reliance Retail consumers and create a new customer experience with faster delivery of products from Reliance Retail stores.

Merchants associated with us will also be helped by Dunzo’s hyperlocal delivery network.”

Kabir Biswas, CEO, and Co-Founder, Dunzo said, “Since our inception, we have strived to deliver an unmatched customer experience and this funding round is a great validation of our vision.

With this investment from Reliance Retail, we will have a long-term partner with whom we can grow rapidly.”