AZB, CAM: Reliance $200 million investment in Dunzo

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis

Law Firm - AZB & Partners
Update: 2022-01-07 07:15 GMT

AZB, CAM: Reliance $200 million investment in Dunzo An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis. Duenzo, a hyperlocal delivery startup, has raised $240 million (around Rs 1800 crore) in a funding round led by Reliance Retail Ventures with involvement from prevailing investors Lightbox, Lightrock, 3L Capital, and...


AZB, CAM: Reliance $200 million investment in Dunzo

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis.

Duenzo, a hyperlocal delivery startup, has raised $240 million (around Rs 1800 crore) in a funding round led by Reliance Retail Ventures with involvement from prevailing investors Lightbox, Lightrock, 3L Capital, and Alteria Capital.

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis.

Cyril Amarchand Mangaldas acted as Dunzo's legal counsel and partner Karan Pahwa led the project team.

Partner Ashwath Rau and Partner Jasmin Karkhanis led the AZB & Partners team that advised Reliance Retail.

As part of the team led by Manav Nagaraj with Senior Associate Smita Rakshale, Shardul Amarchand Mangaldas advised Light Rock.

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By: - Susmita Ghosh

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