Dunzo, a Bengaluru-based hyperlocal delivery startup, has secured Rs 27.5 crore in its ongoing Series E round as a mix of debt and equity funding.

First reported by Entrackr, the fresh funding has come two months after its $28 million worth first tranche of its Series E round, valuing the startup at $250 million.

With this fresh funds, Dunzo will likely improve its operations across eight Indian cities. At present, the hyperlocal delivery startup has around 75,000 stores on its platform.

Started by Kabeer Biswas, Ankur Agarwal, Dalvir Suri, and Mukund Jha in 2014, the number of deliveries for Dunzo had grown 2.5-3X in FY20. And as per reports, Dunzo does 3-3.5 million deliveries in a month.

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, and LinkedIn.