Home >> News >>

Tata Digital In Talks To Acquire Stakes In Dunzo App

Wednesday, 09 June 2021, 13:11 Hrs

According to persons familiar with the situation, Tata Digital, a company of Tata Sons, has begun talks to buy a majority share in hyperlocal delivery firm Dunzo. According to these experts, the six-year-old company might be worth $150-200 million (1,093-1,457 crore) in a potential transaction.

Dunzo Digital, backed by Google, Lightbox and Blume Ventures, among others, had raised $40 million (around ₹290 crore) as part of its Series E funding round.

A report in April said the company was planning to raise as much as $150 million to extend its reach and become a $1-billion revenue business in the next two years. Emailed queries to Tata Digital remained unanswered till press time.

Dunzo was launched in 2015 by Kabeer Biswas, Ankur Agarwal, Dalvir Suri and Mukund Jha.

In February 2020, Dunzo raised $11 million in venture debt from Alteria Capital. Alteria Capital had in November 2018 provided the company around $1 million.