Errand Services

MMT Head Deep Kalra Joins Dunzo’s Ongoing Series C Funding

Till now, Dunzo has raised $3.1 Mn in the ongoing investment round Krishna Sindhuri Trust has additionally contributed $985K Dunzo offers chat-primarily based app which allows customers to collaborate with people and get their work done

MakeMyTrip chief govt Deep Kalra has invested INR 3 Cr ($ 422K) on behalf of Prudent Advisors, in Bengaluru-based totally errand runner startup Dunzo in its ongoing Series C round. Last week Dunzo had raised $3.1 Mn (INR 22.Forty nine Cr) in its Series C funding round. Till now, a set of popular buyers which include Milestone Trusteeship Services, Cognizant cofounder N Lakshmi Narayanan, Monika Garware Modi, and Raintree Family have already participated inside the funding spherical. According to reports, Kalra has picked up 567 cumulative convertible desire shares (CCPS) for INR fifty-two,927.2 each. Also, Parthasarthi Reddy Bandi on behalf of Krishna Sindhuri Trust has poured in INR 7 Cr ($985K) for approximately 1,323 shares of equal class and rate.

Dunzo turned into founded in 2015 by using Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas.  It uses synthetic intelligence to provide hyperlocal services. The application through its chat-based interface which permits users to create to-do lists and collaborate with others and get their paintings achieved. This investment spherical is available in after it turned into pronounced in November 2018 that Dunzo became in superior talks to elevate $25 Mn from Google and other traders. In November 2018, Dunzo had raised INR 7 Cr ($985K)from project debt firm Alteria Capital that allows you to amplify its services. The startup had raised $12 Mn (INR 85.2 Cr) investment from seeking corporation Google in opposition to a minority stake in the startup in 2017. Developing The Hyperlocal Space In India According to a report by market studies firm, Ken Research, the Indian hyperlocal marketplace will grow at a full-size CAGR rate as a consequence exceeding INR 2,306 Cr by means of 2020. Most currently, food tech massive Swiggy forayed into the on-call for hyperlocal space with the launch of ‘Swiggy Stores’ incorporated within the app. In December 2018, Gurugram-based total seventy-four BC Technologies, the figure company of Baxi shifted its enterprise to the hyper-local transport model. Under this, the business enterprise joined hands with two FMCG manufacturers and rebranded itself as B-Fresh. Investor Deep Kalra’s online travel company MakeMyTrip had additionally started imparting hyperlocal offerings thru its newly launched function ‘Experiences’. Through this selection, the company offers leisure activities such as meals walks, daycation, museum visits, and sporting activities.

Ola raised $ ninety-two Mn in Series J funding from Flipkart co-founder Sachin Bansal Girnar Software has acquired Delhi-based vehicle market Carbiqi for an undisclosed amount This week 8 startups raised $118.7 Mn investment and two startup acquisitions took place
We convey to you the contemporary edition of Funding Galore: Indian Startup Funding Of The Week! One of the largest fundings this week become raised by means of Ola which raised $ ninety-two Mn (INR 650 Cr) in Series J investment from Flipkart co-founder Sachin Bansal. The Ola investment represents his most distinguished and biggest funding thus far, and his first major deal considering that he left Flipkart following its sale to Walmart for $16 Bn last yr. In all, eight startups raised $118.7 Mn funding and startup acquisitions occurred inside the Indian startup atmosphere altogether. (This funding report is based totally on startups that disclosed funding quantity.)
SilverPush: Singapore-and Gurugram-based totally adtech startup, SilverPush, raised $five Mn (INR 355.7 Cr) Series B funding led by Japan’s advertising business enterprise FreakOut Holdings. The agency is gearing up to installation its synthetic intelligence (AI) generation for over-the-top (OTT) gamers in the Asia-Pacific region.

Duane Simpson

Internet fan. Zombie aficionado. Infuriatingly humble problem solver. Alcohol enthusiast. Spent several months exporting UFOs in Jacksonville, FL. A real dynamo when it comes to exporting gravy in Tampa, FL. Spent 2001-2004 implementing saliva in Edison, NJ. Had moderate success getting my feet wet with junk food on Wall Street. Practiced in the art of building Virgin Mary figurines in Tampa, FL. Practiced in the art of marketing Roombas in Phoenix, AZ.

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