Reliance Retail To Invest $200 Million In Delivery Firm Dunzo

Reliance Retail has acquired a 25.8 per cent stake in Dunzo for $200 million

Reliance Industries Limited's (RIL) retail arm has invested $200 million in online delivery platform Dunzo as it looks to get a foothold in the country's rapidly growing market of quick delivery.

Reliance Retail has acquired a 25.8 per cent stake in Dunzo for $200 million (around Rs 1,488 crore).

Dunzo raised $240 million in its latest funding round that was led by Reliance Retail Ventures Limited.