Why has Reliance Retail taken a stake in Dunzo?
Answer
Answer
Answer
Reliance Retail, the retail arm of Reliance group, bought a stake in Dunzo, a company that specializes in last-mile delivery. Now, Dunzo has been valued at around $800 million with Reliance Retail getting 25.8% stake for infusing $200 million into the company. These fresh funds from Reliance Retail will help Dunzo to expand their B2B business as well as to sign up business partnerships.