Bengaluru-based hyperlocal, quick commerce startup Dunzo has raised $240 million in its latest round of funding, valuing Dunzo at $775 million.
The investment was led by Reliance Retail Ventures Limited (Reliance Retail), with participation from existing investors Lightbox, Lightrock, 3L Capital, and Alteria Capital.
Reliance Retail pumped in $200 million for a fully diluted stake of 25.8 percent in the company.
