Tech - News - Tech Companies
Updated: April 09, 2021

Google Sponsored Indian Courier App Dunzo Seeks To Generate $150 Million

By Lawrence Agbo
April 09, 2021
0

Google LLC. backed up delivery service, Dunzo Digital Private Ltd operating in eight Indian cities aims to double the amount of capital it has raised so far to extend its reach across the country and become a $1 billion revenue business in the next two years.

The app has lured Indians with its rapid delivery of items ranging from groceries to parcels in traffic-clogged cities. It connects low-cost couriers to thousands of individual merchants.

The Bengaluru firm has so far raised about $140 million to date and aims to tap investors for roughly another $150 million in 2021.

Dunzo’s 36-year-old chief executive officer, Kabeer Biswas said in an interview that the company expansion will begin next year at full pace.

“The expansion only really starts next year at full pace, so we’ll raise the capital this year, but it gets deployed only next year.”

Dunzo started out as a WhatsApp service when it was newly founded in 2014 before becoming an app where customers typically pay about $6 per order.