According to the reports, Dunzo, a cash-strapped startup, is seeking an additional Rs 164 crore (approximately USD 20 million) from Reliance Retail, it’s largest shareholder. This request comes after Dunzo fell short of its target of raising USD 75 million through the issuance of convertible notes. In April, Dunzo managed to raise only USD 45 […]
Reliance Retail-backed Dunzo’s logistics arm, Dunzo4Business (D4B), has announced plans to expand its operations to 10-15 cities within the next 12-18 months. Dalvir Suri, co-founder of Dunzo and head of D4B, stated that the company is collaborating with the Open Network for Digital Commerce (ONDC), a government-supported initiative, to facilitate intracity last-mile delivery of products. […]
Dunzo, India’s hyperlocal delivery platform, Thursday announced that it is strengthening its fraud prevention capabilities through a partnership with global risk intelligence company SHIELD. Dunzo is the first quick commerce company in India that will leverage mobile-first risk intelligence to tackle fraud and stay ahead of emerging threats. Dunzo will leverage SHIELD’s AI-powered Device Intelligence […]
