Dunzo
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Type of business | Private |
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Available in | English |
Founded | July 2014 |
Headquarters | Indiranagara, Bengaluru, Karnataka, India |
Area served | |
Founder(s) |
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Services |
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Revenue | ![]() |
Profit | ![]() |
URL | dunzo |
Registration | Optional |
Current status | Online |
Native client(s) on | Windows Phone, iOS, Android, Universal Windows Platform (Windows 10 Mobile, Windows 10) |
Dunzo is an Indian company that delivers fruits and vegetables, meat, pet supplies, food, and medicines in major cities. It also has a separate service to pick up and deliver packages within the same city.[4] Dunzo currently provides its delivery services in eight Indian cities including Bengaluru, Delhi, Gurugram, Pune, Chennai, Jaipur, Mumbai and Hyderabad.[5] The company also operates a bike taxi service in Gurgaon.[6][7] Dunzo is headquartered in Bangalore and was founded in 2014 by Kabeer Biswas along with co-founders Ankur Agarwal, Dalvir Suri and Mukund Jha.[8] Dalvir Suri left Dunzo on 3 October 2023, along with Mukund Jha.[9]
History
[edit]![](http://upload.wikimedia.org/wikipedia/commons/thumb/7/74/Dunzo-Char-Bangla-Andheri-BESTpedia.jpg/250px-Dunzo-Char-Bangla-Andheri-BESTpedia.jpg)
Dunzo was founded in July 2014 by Kabeer Biswas, an alumnus of the NMIMS, University of Mumbai.[10][11] Before Dunzo, Kabeer founded a company called Hoppr, which was acquired by Hike Messenger in 2014.[12] Dunzo started out as a small WhatsApp group, and transformed into a hyperlocal, app-based service.[13]
Dunzo raised its first round of funding of US$650k in March 2016 from Blume Ventures, Aspada Ventures, accompanied by other investors including, Rajan Anandan, MD of Google India and Sandipan Chattopaday.[10]
In December 2017, Dunzo received US$12 million in a fresh round from Google, with existing investors, Blume Ventures and Aspada participating in the round.[14][15] This was Google's first direct investment in a startup in India.[16]
In June 2019, Dunzo suffered a data breach which exposed the user data of approximately 3.5 million users including email addresses, names, phone numbers and IP addresses.[17]
On 29 August 2019, Dunzo raised ₹34.56 crore funding by issuing debentures as well as Series C1 preference shares to existing investor Alteria Capital.[18]
In 2021, following changes to Google Play's terms that banned the sale of tobacco and liquor, Dunzo launched a parallel app called Dunzo Mo which can be downloaded as an APK file on the website.[19] Tobacco and paan items were also no longer available on Dunzo's main app for Android users, although they were available on the iOS version and on the website.[20]
In August 2021, Dunzo expanded into quick commerce by launching a new service, Dunzo Daily, to deliver essentials and household items in 19 minutes.[4]
In January 2022, Reliance Retail led a US$240 million funding round along with Dunzo's existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested US$200 million for a 25.8% stake in Dunzo.[21]
Partnerships
[edit]In May 2020, Dunzo partnered with FMCG major PepsiCo to deliver its snacks brands such as Lay's and Kurkure to customers' doorsteps in Bengaluru amid the lockdown due to the COVID-19 pandemic in India in keeping with Pepsico's ‘Direct-to-Customer' initiative.[22]
In the same month, it also partnered with digital payments app Google Pay to provide grocery and medicine delivery, bike pool, pickup-and-drop, among other services.[23]
See also
[edit]References
[edit]- ^ "Dunzo: Google's chosen one". Forbes India. Retrieved 2 January 2019.
- ^ "Dunzo had been running errands around the block. Now it has to go ahead and face the world". The Economic Times. Retrieved 2 January 2019.
- ^ a b "Dunzo's loss mounts to Rs 1,800 crore, revenue at Rs 226 crore in FY23". Moneycontrol. 6 November 2023. Retrieved 23 November 2023.
- ^ a b "Reliance ventures into quick commerce with USD 200 million investment in Dunzo". KrASIA. 7 January 2022. Retrieved 11 January 2022.
- ^
- Kay, Chris (9 April 2021). "Dunzo seeks $150 mn funding to reach more Indian cities, become $1 bn business by 2023". ThePrint. Retrieved 16 September 2021.
- "Dunzo". The Economic Times. Retrieved 21 December 2018.
- "On-demand delivery app Dunzo to launch in Chennai - Times of India". The Times of India. 22 October 2018. Retrieved 21 December 2018.
- "Dunzo delivery trend shows its users were 'unapologetically' lazy in 2018 - Times of India". The Times of India. 29 December 2018. Retrieved 4 January 2019.
- "Curds to condoms: This company delivers all - Times of India". The Times of India. 29 December 2018. Retrieved 4 January 2019.
- Alauddin, Shameen (17 December 2017). "Google-backed task fulfillment start-up dunzo runs errands to make money". Business Standard India. Retrieved 4 January 2019.
- Bansal, Varsha (5 May 2018). "Facebook to hit e-commerce market with B2C offering". The Economic Times. Retrieved 4 January 2019.
- ^ Das, Shabori (4 July 2018). "Dunzo set for a ride, UberMoto watch out". The Economic Times. Retrieved 21 December 2018.
- ^ "Dunzo set to launch bikesharing service in Gurugram". MediaNama. 4 July 2018. Retrieved 21 December 2018.
- ^ *"OYO, Cure. Fit among most sought after startups in India: LinkedIn". The Economic Times. 18 September 2018. Archived from the original on 4 January 2019. Retrieved 4 January 2019.
- Sachitanand, Rahul; Seetharaman, G. (20 May 2018). "Amazon vs Google: A race to capture India's consumer space". The Economic Times. Retrieved 4 January 2019.
- Balaji, Sindhuja. "How This Google-Backed Startup Cracked The Code To Hyper Convenience In India". Forbes. Retrieved 21 December 2018.
- "Dunzo: Google's chosen one". Forbes India. Retrieved 21 December 2018.
- Chanchani, Madhav (9 December 2017). "Google makes first direct investment in India, funds hyper local startup Dunzo". The Economic Times. Retrieved 21 December 2018.
- "No, Maharashtra Is Not Getting An Online Liquor Delivery Policy". HuffPost India. 16 October 2018. Retrieved 4 January 2019.
- "Task management app Dunzo to raise money from existing investors". Techcircle. 13 November 2018. Retrieved 21 December 2018.
- "|Dunzo! How a hyperlocal concierge app is killing it in Bengaluru FactorDaily". FactorDaily. 30 August 2016. Archived from the original on 21 December 2018. Retrieved 21 December 2018.
- ^ "Dalvir Suri Dunzo CEO Resigned". Business Patrika.
- ^ a b "Google invests Rs 65 crore in hyper local app Dunzo, its first direct investment in an Indian startup". Businesstoday.in. 6 December 2017. Retrieved 21 December 2018.
- ^ Rajaram, Sowmya (10 December 2017). "No one wants to plan anything anymore". Bangalore Mirror. Retrieved 4 January 2019.
- ^ "Dunzo: Google's chosen one". Forbes India. Retrieved 21 December 2018.
- ^ *"|Dunzo! How a hyperlocal concierge app is killing it in Bengaluru FactorDaily". FactorDaily. 30 August 2016. Archived from the original on 21 December 2018. Retrieved 21 December 2018.
- Gooptu, Biswarup; Ananth, Venkat (13 November 2018). "Dunzo is in talks to raise Rs 183 crore from Google, others". The Economic Times. Retrieved 21 December 2018.
- Ananth, Venkat (13 July 2018). "Startups fight big global e-commerce firms to win online grocery battle". The Economic Times. Retrieved 4 January 2019.
- Srinivasan, Supraja (3 October 2018). "Swiggy pilots B2B offering under Swiggy Café at corporate cafeterias". The Economic Times. Retrieved 4 January 2019.
- Srinivasan, Supraja (30 July 2018). "Swiggy looks to extend service across hyperlocal delivery market by November". The Economic Times. Retrieved 4 January 2019.
- "'Why should we talk to Dunzo?' State regulators fume at liquor delivery". Archived from the original on 5 January 2019. Retrieved 4 January 2019.
- ^ Chanchani, Madhav (9 December 2017). "Google makes first direct investment in India, funds hyper local startup Dunzo". The Economic Times. Retrieved 21 December 2018.
- ^ Bansal, Varsha; Ananth, Venkat (15 October 2018). "Google in talks with Flipkart, Paytm, other companies to launch its 'shopping' tab in India". The Economic Times. Retrieved 4 January 2019.
- ^ "Google makes first direct investment in India, funds hyper local startup Dunzo - Latest News | Gadgets Now". Gadget Now. 5 December 2017. Retrieved 21 December 2018.
- ^ "Dunzo suffers data breach, launches internal investigation". The News Minute. 11 July 2020. Retrieved 27 June 2023.
- ^ "Hyperlocal Delivery Startup Dunzo Raises 34 Cr To Fend Off Swiggy Challenge". Inc42 Media. 29 August 2019. Retrieved 29 August 2019.
- ^ Deep, Aroon (1 July 2021). "After Play Store's tobacco ban, Dunzo launches new app for cigarettes". MediaNama. Retrieved 15 November 2021.
- ^ Deep, Aroon (23 April 2021). "Dunzo stops cigarette, 'paan' sales for Android users". MediaNama. Retrieved 15 November 2021.
- ^ "Reliance Retail picks up 25.8% stake in Dunzo, leads $240 mn funding". The Economic Times. 6 January 2022. Retrieved 6 January 2022.
- ^ "Dunzo to deliver PepsiCo's Lay's, Kurkure, Doritos at your doorstep". The Financial Express. 26 May 2020. Retrieved 21 June 2020.
- ^ Mishra, Digbijay (29 May 2020). "GPay ties up with Dunzo for essentials". The Times of India. Retrieved 21 June 2020.