Google, the global technology giant, has invested in the Bangalore based daily tasks management startup, Dunzo. The company raised $ 12.3 million (Rs. 80.8 crores) in a Series B funding round led by Google along with existing investors, Aspada Investment Advisors and Blume Ventures. Dunzo comes as a revolutionary change in a world where everything is governed by technology, this app is perfectly positioning itself to be a game changer.
Founded in the year 2015, Dunzo is a concierge service app which lets people order goods, run errands and provides delivery services. This round of investment comes as a positive turning point for this delivery app. According to reports, this concierge service startup was able to raise enough money in the A level investment, which increased their standing and the company’s valuation threefold.
Dunzo currently completes 3,500 to 4,000 orders a day. It has over 1350 active riders for completing tasks and claims to have logistically broken even in Bengaluru. The company claims the delivery charges cover the logistics costs incurred through the deliveries it makes. Dunzo also has tie ups with its frequently used merchants, who give them a commission each time their services are used to fulfill an app based order. For now, Dunzo is only based in Bengaluru. Post this round of funding, Dunzo plans on increasing its availability all over the country, with its reach spreading over a vast target audience.
Search engine giant, Google, has been looking at expanding its reach to homegrown startups which have been doing really well. Google was in talks with JustDial and other prominent startups across the country for investments and acquisitions.
Speaking about the investment, Sahil Kini of Aspada said, “We were users when it was just Kabeer, a scooter, and a WhatsApp group! Even then the user experience was so delightful, that we decided to take a bet on Dunzo before they even had an app. It’s really gratifying to see that belief validated by an international major like Google.“
In July this year, Google also acquired the four month old artificial intelligence and machine learning startup, Halli Labs. With the current investment, it seems like the technology company is serious about expanding its market in the Indian ecosystem.
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