11.8 C
New York
Wednesday, December 2, 2020
Home Trends Dunzo secured $28M in Series E round led by Google, Lightstone

Dunzo secured $28M in Series E round led by Google, Lightstone

Dunzo, a hyperlocal delivery app, has now secured $28 million in its ongoing Series E funding round backed by the Lightstone Fund and Google.

Dunzo has issued compulsory convertible preference shares to both the Lightstone and Google, with each share carrying around a face value of INR 55 with a premium of INR 1.13 lacs.

Both the Lightstone and Google received 5155 shares, each translating into a combined value of $15.8 million. Google is an existing investor in Dunzo, and it was its first direct investment into an Indian startup in 2017.

Source: Techstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Key route closed as farmers gather at Delhi-Noida border

Hundreds of farmers protesting the new farm laws gathered at a Noida-Delhi border point on Tuesday, stopping traffic movement on a key route connecting...

Ramdev bats for Centre’s new farm laws

Yoga guru Ramdev on Tuesday came out in support of the Centre's new farm laws being stiffly opposed by the farmers, but said the...

Traffic woes continue in Delhi amid farmers’ protest

Serpentine queues of vehicles clogged many roads leading to Haryana and Uttar Pradesh on Tuesday as the Delhi Police kept the Singhu, Tikri and...

Visa Applications For This Country Are Now Open Under The “Flexible, Effective & Simple ” Points-Based System

The United Kingdom's new visa and immigration system based on the points system after Brexit has been described as " effective, simple and flexible"...

Recent Comments

%d bloggers like this: