[the_ad id="83613"]
Dunzo

Dunzo’s valuation hits $250 Mn with fresh infusion

Dunzo

Hyperlocal delivery startup Dunzo has secured Rs 27.5 crore in its ongoing Series E round as a mix of debt and equity and as per Fintrackr, the Bengaluru-based firm has been valued to the tune of $250 million.

The fresh tranche has come two months after its $28 million worth first tranche of its Series E round. Dunzo has allotted 2500 Series G non-convertible debentures or NCDs of Rs 100,000 each and another 220 Series E1 CCPS for Rs 1,13,789.6 per share to raise the total consideration, regulatory filings show. 

The proceeds will likely bolster its operations across eight Indian cities. At present, Dunzo has around 75,000 stores on its platform. The company had recently claimed to have 50% growth in merchant onboarding. 

The number of deliveries for Dunzo had grown 2.5-3X in FY20. According to Entrackr’s sources, the company does 3-3.5 million deliveries in a month. 

Dunzo is among companies that have seen more business as a significant chunk of people have switched to online ordering due to the pandemic. It’s worth noting that Dunzo’s unit economics improved drastically in FY20 as the company’s operating revenue grew 4.25X to Rs 71.56 crore from Rs 16.83 crore in FY19.

These numbers are based on projections submitted by Dunzo for FY20 as part of their regulatory filings and actual figures would be revealed later this year.

Dunzo has also been trying out the dark stores format to help local retailers fulfil customer orders quickly. At present, it runs 20 such stores in Bengaluru, Chennai and Pune. 

The hyperlocal logistics business has turned competitive with the entry of Swiggy and Zomato in the segment. Besides these two, Dunzo competes with Shadowfax and logistics company Delhivery, which had recently forayed into the food delivery segment.

About Author

Send Suggestions or Tips

Dunzo

Dunzo’s valuation hits $250 Mn with fresh infusion

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 3.0. For any other queries/concern: pls drop a email on: [email protected] or [email protected]
X