Dunzo, an on-demand delivery startup, based out of Bengaluru, has raised approximately ₹2.99 crore in Series C funding round, reported Inc42.
“With regards to speculative funding news, we at Dunzo have constantly wanted to steer the narrative and conversation in the ecosystem to a better product, user experience and what makes a dent in the business,” an anonymous source said.
Dunzo was founded in 2015 by Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas. It is an AI-driven chat-based hyperlocal services app which enables users to create to-do lists and collaborate with partners (vendors) to get them done.
The company claims that Dunzo has a repeat user rate of 80% and a transaction frequency of 5 orders per month per user. The company aims to get micro-market profitable at an order level in the next quarter.
In the last 18 months, Dunzo claims to have grown 30x and is expecting to service upwards of 2 million orders per month by June 2019.
Till date, the company has raised over $30.3 million funding.