Reliance Retail acquire to Dunzo

• Mukesh Ambani’s Reliance Retail has invested Rs 1,488 crore in Bengaluru-based quick commerce player Dunzo for a 25.8 per cent stake on a fully diluted basis. 

• The move will help Reliance get a foothold in the country’s growing quick delivery market. Dunzo raised a total of $240 million in this latest round led by the Reliance Industries Ltd arm. 

• The other existing investors were Lightbox, Ligthrock, 3L Capital and Alteria Capital, who participated in the round.