Reliance Retail buys 25.8% of Dunzo. Valuations apart, makes ‘immediate’ business sense.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries is investing $200 mn (approx Rs 1,500 crore) into Dunzo, a hyperlocal delivery new age business. Key points to note – $200 mn is part of the $240 mn round, wherein balance $40 mn is contributed by Dunzo’s existing investors including Lightbox, Lightrock, 3L Capital … Read more