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India's Reliance enters instant grocery delivery with Dunzo stake

Google-backed startup raises $240m, highlighting rise of quick commerce

SAYAN CHAKRABORTY, Nikkei staff writer | India

BENGALURU -- India's Reliance Industries has invested $200 million for a 25.8% stake in domestic "quick-commerce" delivery startup Dunzo as the sprawling conglomerate led by Mukesh Ambani strengthens Jio Mart, its online grocery operation.

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