Google backs India’s Dunzo in $40 million financing round

by RJ Shara | Jan 19, 2021 | Startups

Google is composing a check to another startup in India. The Android-maker, which in 2015 unveiled a$10 billion fund to purchase the world’s second-largest web market, said on Tuesday that it is participating in a$40 million financial investment round of hyperlocal shipment startup Dunzo, a Bangalore-based company that it has actually likewise previously backed. [https://techcrunch.com/2021/01/04/google-and-snap-in-talks-to-invest-in-india-social-network-sharechat/”>. …]
In a way, Dunzo is reimagining how e-commerce and shipment could be done in India, consequently positioning a challenge to Amazon and Walmart-owned Flipkart, as well as local food and grocery shipment start-ups such as Swiggy, Zomato, BigBasket and Grofers.”As merchants go digital, Dunzo is assisting small businesses in their digital transformation journey in assistance of organization healing, “said Caesar Sengupta, VP, Google, in a statement. Kabeer Biswas, primary executive and co-founder of Dunzo, stated the start-up has grown its yearly gross product worth company to about $100 million.”Dunzo’s mission resonated stronger than ever in 2020. The Android-maker, which last year revealed a$10 billion fund to invest in the world’s second-largest internet market, said on Tuesday that it is getting involved in a$40 million investment round of hyperlocal shipment startup Dunzo, a Bangalore-based firm that it has also previously backed….