Existing investors Lightbox, 3 L Capital, and others participated in the round
The company had raised $45 Mn in Series D round last year
Dunzo Drones were ready to go for trails with the government’s approval
Bengaluru-based delivery startup Dunzo has raised $28 Mn in a Series E funding round led by global tech giant Google and investment firm Lightstone. The company’s existing investors Lightbox, 3 L Capital, Moving Capital, Pivot Ventures and Bhoruka Finance Corporation have also participated in this round.
According to the Ministry of Corporate Affairs fillings, accessed by Inc42, Dunzo has allocated 10,310 Series E Cumulative Convertible Preference Share (CCPS) to Google LLC and Lightstone at INR 1,13,811.63 per share accumulating to INR 117.5 Cr (or $15.66 Mn). Other existing investors have collectively infused INR 90 Cr or $12.34 Mn.