Reliance Acquires 25 Per Cent Stake In Dunzo For $200 Million

New Delhi: Reliance Retail Ventures Limited (RRVL) has made an investment of $200 million in quick commerce delivery startup Dunzo.

According to an official statement, with an investment of US$200M, Reliance Retail will own 25.8 per cent stake on a fully diluted basis.

''The capital will be used to further Dunzo's vision to be the largest quick commerce business in the country, enabling instant delivery of essentials from a network of micro warehouses while also expanding its B2B business vertical to enable logistics for local merchants in Indian cities,'' the statement added.

In addition to the funding, Dunzo and Reliance Retail will also enter into certain business partnerships. Dunzo will enable hyperlocal logistics for the retail stores operated by Reliance Retail, further adding to Reliance Retail's omnichannel capabilities.

''Dunzo will also facilitate last mile deliveries for JioMart's merchant network,'' the statement added.

"We are seeing a shift in consumption patterns to online and have been highly impressed with how Dunzo has disrupted the space,'' Isha Ambani, Director, RRL said.

''With this investment from Reliance Retail, we will have a long-term partner with whom we can accelerate growth and redefine how Indians shop for their daily & weekly essentials,'' said Kabeer Biswas, CEO and Co-Founder, Dunzo.

Notably, Dunzo has established itself as the market leader in the quick commerce category in India, which has an addressable market opportunity of US$50+ billion.

Currently Dunzo is available across 7 metro cities in India and the additional capital will be used to expand the quick commerce business to 15 cities.

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