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 to invest in logo advertising at the side of putting in place of infrastructure and 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 utilizing 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). Maharashtra-based, totally Raintree Family picked up 945 CCPS for $983.7K (INR 7 Cr).
Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas, Dunzo offers a talk-primarily based interface that allows customers to create to-do lists and collaborate with others and get their paintings achieved. The AI-driven chat-based hyperlocal offerings app permits users to create to-do lists and collaborate with companions (providers) to get them achieved. It leverages AI to provide carriers for shipping programs, buying products, repairing stuff, and domestic services. Users can also get their private responsibilities carried out through the app, which can also include paying payments, getting automobile services, and repairing things, among many extras.
Dunzo has a wonderful team with a superb concept which has legs to run; that’s the cause I invested,” Narayanan advised Inc42. As of October 2018, Dunzo claimed to have finished over 1 Mn transactions with an average of 30K transactions per day, mainly from four cities — Gurugram, Hyderabad, Pune, and Chennai. Last yr in November, the enterprise raised INR 7 Cr ($ 983K) from task debt company Alterra Capital. Before this, the organization raised INR eighty.8 Cr ($12. Three Mn) in a Series B funding spherical led Google in December 2017.
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