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Dunzo raises $240 mn led by Reliance Retail Ventures to expand business

TBB BUREAU MUMBAI, JANUARY 6, 2021 E-commerce player Dunzo on Thursday raised $240 million in its latest round of funding to expand its footprint in India. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake ...

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