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AI-Driven Errand Runner Dunzo Raises $3.1 Mn In Series C Funding

Cheryl Burke by Cheryl Burke
May 6, 2019
in Errand Services
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Bengaluru-based artificial intelligence (AI)-driven hyperlocal concierge app Dunzo has raised $three.1 Mn (INR 22.Forty nine Cr) in a Series C funding round, as the organization plans on investing on logo advertising at the side of putting in place of infrastructure and for ordinary operations.

According to its filings with the Registrar of Companies (RoC), the employer issued cumulative convertible desire stocks (CCPS) to Milestone Trusteeship Services, N Lakshmi Narayanan, Monika Garware Modi, and Raintree Family.

The investment spherical which was first pronounced by means of paper. Vc, noticed Cognizant cofounder N Lakshmi Narayanan choosing up 1,323 CCPS for $984K (INR 7 Cr), Milestone Trustee picked up 1,322 CCPS for $983.3K (INR 6.Nine Cr), Garware Polyester vice-chairman Monika Garware Modi picked up 661 CCPS for $491.6K (INR 3.Four Cr), and Maharashtra-based totally Raintree Family picked up 945 CCPS for $983.7K (INR 7 Cr).

 

Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas, Dunzo offers a talk-primarily based interface which allows customers to create to-do lists and collaborate with others and get their paintings achieved.

The AI-driven chat-based hyperlocal offerings app permits users to create to-do lists and collaborate with companions (providers) to get them achieved. It leverages AI to provide carriers for shipping of programs, buying products, repairing stuff, and domestic services. Users can also get their private responsibilities carried out thru the app, which can also include something from paying payments, getting automobile services, repairing things among many extras.

“Dunzo has a wonderful team with a superb concept which has legs to run, that’s the cause I invested,” Narayanan advised Inc42.

As of October 2018, Dunzo claimed to have finished over 1 Mn transactions with an average of 30K transactions per day mainly from four cities — Gurugram, Hyderabad, Pune, and Chennai.

Last yr in November, the enterprise raised INR 7 Cr ($ 983K) from task debt company Alterra Capital. Prior to this, the organization raised INR eighty.8 Cr ($12. Three Mn) in a Series B funding spherical led Google in December 2017.

If you are searching out a domestic-based commercial enterprise idea which can be effortlessly and inexpensively launched and is capable of yielding worthwhile returns, then look no further because an errand provider is a pleasant opportunity for you. An errand provider which is likewise referred to as a concierge carrier is wherein you act as a private assistant for busy people. You could be paid to perform their errands on behalf of them. These errands may want to variety from easy duties along with paying software bills, choosing up grocery gadgets or laundry items to complicated tasks which include making plans and arranging vacations for clients, assembly and event making plans, senior care, etc.

In brand new busy lifestyle working human beings do not have time to perform even the most effective of errands. So they may be constantly on the appearance out for approaches to spend their time wisely if you want to enjoy more important matters in their life. They might gladly pay a person else to get their errands finished which in turn might provide them ease of thoughts and extra time to revel in lifestyles. This is one of the predominant reasons why this carrier enterprise is becoming a quick growing multi-million dollar enterprise. In addition to the busy operating people, there are some other special groups of folks that depend upon errand offerings to perform their recurring errands. The reason that they require assist with errands is due to the fact they are not capable of departing their residences due to a new child, incapacity, illness or antique age. They might as an alternative to hiring an errand provider to perform their errands than trouble their cherished ones. Other than the above noted two classes you could also cater your services to small business proprietors who might rather hire your offerings than ship their employees to carry out mundane responsibilities. Some companies who hire errand offerings are accounting firms, advertising businesses, and law firms.

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