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.
Existing backers Lightbox, Lightrock, 3L Capital and Alteria Capital infused another $40 million into Dunzo, the companies said Wednesday. Dunzo counts Google as an investor.
