Dunzo to raise $28 million from Google, Lightstone and others

Bengaluru: Hyperlocal delivery startup Dunzo has raised around $28 million, as part of its Series E round led by Google International LLC and Lightstone Fund S.A, according to documents sources from business information platform Tofler. Dunzo has allotted 10,310 Series E cumulative compulsory convertible preference shares to Google LLC and Lightstone at ₹1,13,811. “At Dunzo our mission is to make our cities more accessible, and to do so, we have to empower local businesses with the necessary e-commerce capabilities to master the changing marketplace. We 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. It is our humble contribution towards creating a thriving ecosystem for India that impacts users, merchants, and delivery partners. In light of this, we will not be able to comment further on this round,” said a Dunzo spokesperson. In July, Dunzo suffered a data breach that leaked phone numbers and email addresses of its users, the company’s chief technology officer Mukund Jha had said. Jha’s post said that the servers “Of a third party” Dunzo works with were compromised, and it allowed the attackers to get “Unauthorized access” and breach the company’s database.