Reliance Retail invests $200 mn in Dunzo to acquire 25.8% stake

Reliance Retail has bought a 25.8 per cent stake in Dunzo, India’s leading quick commerce player, for USD 200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. This funding will help the Bengaluru-based startup, Dunzo to become the largest quick commerce business in the country.