Posted inIndia

India’s Reliance buys a 26% stake in Dunzo

Oil-to-telecom conglomerate Reliance Industries is looking to further consolidate its position in organized retail and its fledgling online commerce ventures. In the latest development, Reliance Retail bought a 25.8% stake in Dunzo, India’s leading hyperlocal quick commerce player, for US$200 million. In this funding round, Dunzo was able to raise $240 million as its existing […]