 | |
| Type | Private |
|---|---|
| Foundation date | July 2014 |
| Headquarters | Indiranagar, Bangalore, Karnataka, India |
| Area served | 8 cities: Bangalore, Delhi, Gurgaon, Pune, Hyderabad, Chennai, Jaipur, Mumbai |
| Founder(s) | Kabeer Biswas, Ankur Agarwal, Dalvir Suri, Mukund Jha[1] |
| Services | Package pickup and drop, online restaurant discovery, grocery delivery, bike taxi, laundry delivery, medicine delivery, local couriers |
| Website | dunzo |
| Registration | Optional |
| Users | 10 lakh orders monthly[2] |
| Available in | English |
| Current status | Online |
Dunzo is an Indian company that delivers groceries and essentials, fruits and vegetables, meat, pet supplies, food, and medicines in major cities. It also has a separate service to pick up and deliver packages within the same city.[3] Dunzo currently provides its delivery services in eight Indian cities including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai and Hyderabad.[4] The company also operates a bike taxi service in Gurgaon.[5][6] Dunzo is headquartered in Bangalore and was founded in 2014 by Kabeer Biswas along with co-founders Ankur Agarwal, Dalvir Suri and Mukund Jha.[7]
History[edit | edit source]
Dunzo was founded in July, 2014 by Kabeer Biswas, an alumnus of the University of Mumbai.[8][9] Before Dunzo, Kabeer founded a company called Hoppr, which was acquired by Hike in 2014.[10] Dunzo started out as a small WhatsApp group, and transformed into a hyperlocal, app-based service.[11]
Dunzo raised its first round of funding of US$650k in March 2016 from Blume Ventures, Aspada Ventures, accompanied by other investors including, Rajan Anandan, MD of Google India and Sandipan Chattopaday.[8]
In December 2017, Dunzo received US$12 million in a fresh round from Google, with existing investors, Blume Ventures and Aspada participating in the round.[12][13] This was Google's first direct investment in a startup in India.[14]
On 29 August 2019, Dunzo raised ₹34.56 crore funding by issuing debentures as well as Series C1 preference shares to existing investor Alteria Capital.[15]
In 2021, following changes to Google Play's terms that banned the sale of tobacco and liquor, Dunzo launched a parallel app called Dunzo Mo which can be downloaded as an APK file on the website.[16] Tobacco and paan items were also no longer available on Dunzo's main app for Android users although they were available on the iOS version and on the website.[17][18]
In August 2021, Dunzo expanded into quick commerce by launching a new service, Dunzo Daily, to deliver essentials and household items in 19 minutes.[3]
In January 2022, Reliance Retail led a US$240 million funding round along with Dunzo's existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested US$200 million for a 25.8% stake in Dunzo.[19]
Partnerships[edit | edit source]
In May 2020, Dunzo partnered with FMCG major PepsiCo to deliver its snacks brands such as Lay’s and Kurkure to customers’ doorsteps in Bengaluru amid the lockdown due to the Covid-19 pandemic in India in keeping with Pepsico's ‘Direct-to-Customer’ initiative. [20]
In the same month, it also partnered with digital payments app Google Pay to provide grocery and medicine delivery, bike pool, pickup-and-drop, among other services. [21]
References[edit | edit source]
- ↑ "Dunzo: Google's chosen one". Forbes India. Retrieved 2 January 2019.
- ↑ "Dunzo had been running errands around the block. Now it has to go ahead and face the world". The Economic Times. Retrieved 2 January 2019.
- ↑ 3.0 3.1 "Reliance ventures into quick commerce with USD 200 million investment in Dunzo". KrASIA. 7 January 2022. Retrieved 11 January 2022.
- ↑
- Kay, Chris (9 April 2021). "Dunzo seeks $150 mn funding to reach more Indian cities, become $1 bn business by 2023". ThePrint. Retrieved 16 September 2021.
- "Dunzo". The Economic Times. Retrieved 21 December 2018.
- "On-demand delivery app Dunzo to launch in Chennai - Times of India". The Times of India. Retrieved 21 December 2018.
- "Dunzo delivery trend shows its users were 'unapologetically' lazy in 2018 - Times of India". The Times of India. Retrieved 4 January 2019.
- "Curds to condoms: This company delivers all - Times of India". The Times of India. Retrieved 4 January 2019.
- Alauddin, Shameen (17 December 2017). "Google-backed task fulfillment start-up dunzo runs errands to make money". Business Standard India. Retrieved 4 January 2019.
- Bansal, Varsha (5 May 2018). "Facebook to hit e-commerce market with B2C offering". The Economic Times. Retrieved 4 January 2019.
- ↑ Das, Shabori (4 July 2018). "Dunzo set for a ride, UberMoto watch out". The Economic Times. Retrieved 21 December 2018.
- ↑ "Dunzo set to launch bikesharing service in Gurugram". MediaNama. 4 July 2018. Retrieved 21 December 2018.
- ↑
- "OYO, Cure. Fit among most sought after startups in India: LinkedIn". The Economic Times. 18 September 2018. Retrieved 4 January 2019.
- Sachitanand, Rahul; Seetharaman, G. (20 May 2018). "Amazon vs Google: A race to capture India's consumer space". The Economic Times. Retrieved 4 January 2019.
- Balaji, Sindhuja. "How This Google-Backed Startup Cracked The Code To Hyper Convenience In India". Forbes. Retrieved 21 December 2018.
- "Dunzo: Google's chosen one". Forbes India. Retrieved 21 December 2018.
- Chanchani, Madhav (9 December 2017). "Google makes first direct investment in India, funds hyper local startup Dunzo". The Economic Times. Retrieved 21 December 2018.
- "No, Maharashtra Is Not Getting An Online Liquor Delivery Policy". HuffPost India. 16 October 2018. Retrieved 4 January 2019.
- "Task management app Dunzo to raise money from existing investors". Techcircle. 13 November 2018. Retrieved 21 December 2018.
- "|Dunzo! How a hyperlocal concierge app is killing it in Bengaluru FactorDaily". FactorDaily. 30 August 2016. Retrieved 21 December 2018.
- ↑ 8.0 8.1 "Google invests Rs 65 crore in hyper local app Dunzo, its first direct investment in an Indian startup". Businesstoday.in. Retrieved 21 December 2018.
- ↑ Rajaram, Sowmya Rajaramsowmya (10 December 2017). "No one wants to plan anything anymore". Bangalore Mirror. Retrieved 4 January 2019.
- ↑ "Dunzo: Google's chosen one". Forbes India. Retrieved 21 December 2018.
- ↑
- "|Dunzo! How a hyperlocal concierge app is killing it in Bengaluru FactorDaily". FactorDaily. 30 August 2016. Retrieved 21 December 2018.
- Gooptu, Biswarup; Ananth, Venkat (13 November 2018). "Dunzo is in talks to raise Rs 183 crore from Google, others". The Economic Times. Retrieved 21 December 2018.
- Ananth, Venkat (13 July 2018). "Startups fight big global e-commerce firms to win online grocery battle". The Economic Times. Retrieved 4 January 2019.
- Srinivasan, Supraja (3 October 2018). "Swiggy pilots B2B offering under Swiggy Café at corporate cafeterias". The Economic Times. Retrieved 4 January 2019.
- Srinivasan, Supraja (30 July 2018). "Swiggy looks to extend service across hyperlocal delivery market by November". The Economic Times. Retrieved 4 January 2019.
- "'Why should we talk to Dunzo?' State regulators fume at liquor delivery". Retrieved 4 January 2019.
- ↑ Chanchani, Madhav (9 December 2017). "Google makes first direct investment in India, funds hyper local startup Dunzo". The Economic Times. Retrieved 21 December 2018.
- ↑ Bansal, Varsha; Ananth, Venkat (15 October 2018). "Google in talks with Flipkart, Paytm, other companies to launch its 'shopping' tab in India". The Economic Times. Retrieved 4 January 2019.
- ↑ "Google makes first direct investment in India, funds hyper local startup Dunzo - Latest News | Gadgets Now". Gadget Now. 5 December 2017. Retrieved 21 December 2018.
- ↑ "Hyperlocal Delivery Startup Dunzo Raises 34 Cr To Fend Off Swiggy Challenge". Inc42 Media. 29 August 2019. Retrieved 29 August 2019.
- ↑ Deep, Aroon (1 July 2021). "After Play Store's tobacco ban, Dunzo launches new app for cigarettes". MediaNama. Retrieved 15 November 2021.
- ↑ Deep, Aroon (23 April 2021). "Dunzo stops cigarette, 'paan' sales for Android users". MediaNama. Retrieved 15 November 2021.
- ↑ "Dunzo: All you need to know about Delivery service - Dollars Bag". 8 May 2022. Retrieved 10 May 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Reliance Retail picks up 25.8% stake in Dunzo, leads $240 mn funding". The Economic Times. 6 January 2022. Retrieved 6 January 2022.
- ↑ "Dunzo to deliver PepsiCo's Lay's, Kurkure, Doritos at your doorstep". The Financial Express. 26 May 2020. Retrieved 21 June 2020.
- ↑ Mishra, Digbijay (29 May 2020). "GPay ties up with Dunzo for essentials". The Times of India. Retrieved 21 June 2020.