Google Carries Out First Direct Investment In India

Google, the international search engine major, has made its first direct spending in an Indian company, picking up a marginal share in Dunzo, the hyper-local delivery and concierge player. The spending is fraction of NBU (Next Billion Users) push of Google and will witness the firm result in $10–12 Million round, where current supporters Aspada and Blume Ventures have also took part, as per 2 people well aware of the matter.

Kabeer Biswas, the CEO of Dunzo, verified the agreement, but refused to answer on the details of the deal. Email conveyed to a spokesperson of Google did not give out an answer.

Google Carries Out First Direct Investment In India

The company, which is located right now only in Bengaluru, aims to extend to other town all over the country. “We need to extend to leading 5–6 towns by the end of next year and increase up to 1 Lakh payments a day from 1 Lakh payments a month right now,” Biswas claimed to the media in an interview.

Dunzo consumers in Bengaluru use its mobile application for a collection of jobs such as picking up grocery from a stores or food from a restaurant that does not do deliveries, as well as picking up your laptop or mobile charger that you missed at a friend’s place. Dunzo, originally rolled out in 2015 on WhatsApp, is presently managing 3,500–4,000 tasks a day.

Dunzo has been among the few hyper-local companies to endure in a segment where various have been unsuccessful. Dunzo, which has lifted $2 Million from Aspada Investments and Blume Ventures, had also got the attention of Swiggy, the food delivery firm, besides Ola, the cab hailing player, media has claimed earlier.

It has more than 1,350 active riders for completing tasks and other jobs all over the Bengaluru, as per the media reports.

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