Hyperlocal services app Dunzo raises USD 12 M
Dunzo
Founders: Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas
Founded in: 2015
Financing status: USD 12 million for undisclosed round in 2017
Bangalore-based, chat-based hyperlocal services app Dunzo has raised USD 12 million in a fresh funding round from search engine giant Google. Existing investors Blume Ventures and Aspada also participated in the round. Reportedly, this is Google’s first direct investment in the Indian startup ecosystem.
Dunzo was founded in 2015 by Kabeer Biswas, Ankur Aggarwal, Mukund Jha, and Dalvir Suri. Biswas, a University of Mumbai alumnus, previously worked for consumer products & marketing company Y2CF Digital Media and Indian leading telecom company Airtel. Aggarwal, an IIT Roorkee alumnus, previously co-founded online evaluation software Filtr. Jha, a serial entrepreneur as well, previously co-founded intelligent goal-tracking platform Habet and virtual event-making company Wisdomly. Suri previously worked for IT services provider Cybrilla Technologies, IBM India, and Google.
Dunzo is a chat-based hyperlocal services app. It allows users to create to-do lists with time and location information and collaborate with vendors to accomplish tasks. It offers daily services such as repairs, buying, shipping, home services, and others. Users can track the task progress on the app, and pay through its online payment function. Currently the startup’s service is operational in central Bangalore only.
The startup will use the newly raised investment to expand domestically beyond Bangalore. And reportedly, it also aims to scale up from its current 10,000 transactions per month month to 10,000 transactions per day by 2018.
(Top photo from Dunzo website)