Google Backs Indian Courier Startup Dunzo in $40 Million Fundraising
3 years, 11 months ago

Google Backs Indian Courier Startup Dunzo in $40 Million Fundraising

News 18  

Indian hyperlocal courier startup Dunzo has raised $40 million from existing investor Google and others, it said on Tuesday, after seeing a surge in usage during the COVID-19 pandemic. As many Indians stayed indoors for much of 2020 because of the health crisis, Dunzo and food-delivery apps Zomato and Swiggy recorded a fresh surge in popularity. “As cities reopen, continues to see strong growth across user segments.” Besides Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada and Alteria also participated in the fundraising round, the Bengaluru-based company added. “As merchants go digital, Dunzo is helping small businesses in their digital transformation journey,” said Caesar Sengupta, vice president at Google, which has set aside $10 billion for digital investments in India over five to seven years.

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History of this topic

How A WhatsApp Group Which Turned Into A Rs 6,400-Crore Company Is In Crisis Now
1 year ago

How A WhatsApp Group Which Turned Into A Rs 6,400-Crore Company Is In Crisis Now

News 18  

An idea has the power to change lives. Kabeer Biswas stands as a living example of this adage, having initiated his local delivery venture from a modest WhatsApp group and amassed a net worth of nearly $775 million at a point of time. Gaining all these experiences, Kabeer founded Dunzo, his local delivery setup, in January 2015, initially beginning from …

Google-backed Dunzo fires 3% of workforce
1 year, 11 months ago

Google-backed Dunzo fires 3% of workforce

Live Mint  

NEW DELHI: Joining the long list of Indian startups that have been trimming their headcount to cut costs, Google-backed delivery platform Dunzo has laid off 3% of its workforce citing restructuring. Last week, we had to part ways with 3% of our team strength,” said Kabeer Biswas, co-founder and chief executive officer, Dunzo. Dunzo had last raised $240 million in …

Google backs India's ShareChat in $300 mn funding round at $5 bn valuation
2 years, 6 months ago

Google backs India's ShareChat in $300 mn funding round at $5 bn valuation

The Hindu  

The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. This is Google's second key investment in India's short video space, having previously backed Josh, which …

Dunzo Raises USD 40 Million in Funding from Google, Lightbox and Others
3 years, 11 months ago

Dunzo Raises USD 40 Million in Funding from Google, Lightbox and Others

News 18  

Local commerce platform Dunzo on Tuesday said it has raised a fresh round of USD 40 million in capital from a clutch of investors including Google and Lightbox, among others. The funding round saw participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others, a statement said. With a gross …

Google ties up with platforms to help small biz go digital
4 years, 2 months ago

Google ties up with platforms to help small biz go digital

Live Mint  

Google India on Wednesday said it has partnered with third-party online platforms such as Instamojo, Zoho, Swiggy and Dunzo to help small and medium businesses build their digital presence as more and more consumers turn to online purchases amid the pandemic. We are excited to partner with Google for this campaign and extend Instamojo's offerings to help small businesses in …

Google For India: Sundar Pichai announces investment of Rs 75,000 crore in India over the next 5-7 years
4 years, 5 months ago

Google For India: Sundar Pichai announces investment of Rs 75,000 crore in India over the next 5-7 years

Firstpost  

Pichai says Google will make this investment through a mix of equity investments, partnerships, and operational infrastructure in the ecosystem. Expanding on the investment plan further, Pichai said that with the Google For India Digitisation Fund, investments will be done in four key ways: Enabling affordable access and information to every Indian in their own language Building new products and …

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