Dunzo Clocks INR 590Cr GMV In FY21, Cuts Cash Burn By 35% YoY

Dunzo Clocks INR 590Cr GMV In FY21, Cuts Cash Burn By 35% YoY

SUMMARY

Dunzo said that the quick commerce model which uses dark stores registered a gross merchandise sales of INR 267 Cr during Q1FY22

Dunzo’s quick commerce based offering branded as ‘Dunzo Daily’ was first launched in Bangalore city earlier this year

It also claims to have reduced its expenses per rupee of operating revenue earned from INR 13 in FY20 to INR 6 in FY21

Hyperlocal delivery startup Dunzo has sold around INR 590 Cr in gross merchandise on its platform in FY21, which is a 1.6X growth compared to INR 360 Cr worth gross merchandise sold in the previous year (FY20). 

The startup said that a majority of this sales revenue is driven by the increasing demand for ‘quick-ecommerce’ (qCommerce) in the Indian market. This new model of online eCommerce allows users to get groceries and other home essentials delivered in less than 30 mins and even in 15 mins.  However, qCommerce is predominately offered by hyperlocal delivery platforms which uses a network of dark stores spread across a city limit, which allows for greater control over inventory and tracking. 

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