According to its filings with the Registrar of Companies (RoC), the employer issued cumulative convertible choice stocks (CCPS) to Milestone Trusteeship Services, N Lakshmi Narayanan, Monika Garware Modi, and Raintree Family.
The funding spherical which become first reported through the paper. Vc, saw 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 three.Four Cr), and Maharashtra-based totally Raintree Family picked up 945 CCPS for $983.7K (INR 7 Cr).
The shares had been issued at a top rate of $743 (INR fifty two.8K), the submitting confirmed.
Founded in 2015 through Ankur Aggarwal, Dalvir Suri, Mukund Jha, and Kabeer Biswas, Dunzo offers a chat-based interface which lets in users to create to-do lists and collaborate with others and get their work executed.
The AI-driven chat-primarily based hyperlocal offerings app permits users to create to-do lists and collaborate with partners (providers) to get them accomplished. It leverages AI to offer providers for shipping of programs, buying products, repairing stuff, and home services. Users can also get their non-public duties performed through the app, which might also consist of something from paying bills, getting vehicle offerings, repairing matters among many extras.
“Dunzo has an excellent crew with a remarkable idea which has legs to run, that’s the reason I invested,” Narayanan informed Inc42.
As of October 2018, Dunzo claimed to have completed over 1 Mn transactions with an average of 30K sales per day particularly from four towns — Gurugram, Hyderabad, Pune, and Chennai.
Last 12 months in November, the organization raised INR 7 Cr ($ 983K) from venture debt firm Alterra Capital. Before this, the organization raised INR eighty. Eight Cr ($12. Three Mn) in a Series B funding spherical led Google in December 2017.