Task management app dunzo has raised Rs 80.8 crore in a Series B funding round led by Google. Existing investors Blume Ventures and Aspada Investment Advisors also participated in the round.
The fresh funding will give a much-needed firepower to dunzo that has been trying to raise capital for a long time. With this round, the company plans to expand to other cities across India.
“We want to expand to top 5-6 cities by end of 2018 and scale up from 1 lakh transactions a month right now to 1 lakh transactions a day,” Kabeer Biswas, CEO of dunzo told ET.
The investment is part of Google’s Next Billion Users (NBU) programme. According to a VCCircle report, dunzo raised the aforementioned amount on a valuation of $30 million (post-money).
Google Asia Pacific invested Rs 64.58 crore while Blume Ventures pumped in Rs 3.75 crore. Aspada invested about Rs 12.5 crore in the Bengaluru-based company.
dunzo was founded by Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas in 2015. It aims to solve the deep local discovery and fulfillment problem.
With a chat based interface, it allows individuals to create ‘To do lists’ and collaborate with vendors to strike off the tasks from the list.
In November last year, dunzo raised $1.18 million in its Series A funding from Aspada Investment Advisors. It had also raised a $650,000 pre-Series A round from aforementioned investors including a few prominent angels Rajan Anandan and Sandipan Chattopadhyay.
Importantly, Google had launched Areo, a food delivery, and home services app in India in April this year. The app provides a slew of services including food delivery, home maintenance, fitness and electrical repairs in Bengaluru and Mumbai.
Last month, horizontal classifieds major Quikr has started testing a hyperlocal fulfillment service in select areas of north Bengaluru. Under Quikr Easy, customers can virtually buy anything (such as grocery, street food, and documents etc.) and get it delivered to their doorstep.
