Reliance Retail backs Dunzo in $240 million funding

Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain aggressively expands its offerings. Reliance Retail is investing $200 million in the round for a 25.8% stake in the startup, valuing the Bangalore-based startup at $775 million. “We are seeing a shift in consumption […]...