Dunzo is an Indian company that delivers Fruits and Vegetables, meat, pet supplies, food, and medicines in major cities.
It also has a separate service to pick up and deliver packages within the same city.
Dunzo currently provides its delivery services in eight Indian cities including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai and Hyderabad.
The company also operates a bike taxi service in Gurgaon. Dunzo is headquartered in Bangalore and was founded in 2014 by Kabeer Biswas along with co-founders Ankur Agarwal, Dalvir Suri and Mukund Jha.
About Dunzo
The term Dunzo is primarily a slang abbreviation that implies done, finished.
This name was selected by the startup owing to their focus on finishing or delegating the work which is assigned to them by their customers. dhtfghdhf
The name denotes that any task which the customer wishes to complete or wants to deliver from one location to another can be executed by Dunzo.
The primary idea behind the company’s brand focuses on being swift, dependable, and valiant.
Dunzo is a hyper-local on-demand delivery service startup in India. The delivery firm delivers all commodities required by the user on their demand having a minimum charge for delivery.
For instance, if the user wishes to purchase a t-shirt they glimpsed at the mall and are unable to get it themselves Dunzo can be approached to aid in doing the same.
History
Dunzo was founded in July, 2014 by Kabeer Biswas, an alumnus of the NMIMS,University of Mumbai. Before Dunzo, Kabeer founded a company called Hoppr, which was acquired by Hike in 2014.
Dunzo started out as a small WhatsApp group, and transformed into a hyperlocal, app-based service.
Dunzo raised its first round of funding of US$650k in March 2016 from Blume Ventures, Aspada Ventures, accompanied by other investors including, Rajan Anandan, MD of Google India and Sandipan Chattopaday.
Dunzo
In December 2017, Dunzo received US$12 million in a fresh round from Google, with existing investors, Blume Ventures and Aspada participating in the round.
This was Google's first direct investment in a startup in India.
In June 2019, Dunzo suffered a data breach which exposed the user data of aprroximately 3.5 million users including email addresses, names, phone numbers and IP addresses.
On 29 August 2019, Dunzo raised ₹34.56 crore funding by issuing debentures as well as Series C1 preference shares to existing investor Alteria Capital.
In 2021, following changes to Google Play's terms that banned the sale of tobacco and liquor, Dunzo launched a parallel app called Dunzo Mo which can be downloaded as an APK file on the website.
Tobacco and paan items were also no longer available on Dunzo's main app for Android users although they were available on the iOS version and on the website.
In August 2021, Dunzo expanded into quick commerce by launching a new service, Dunzo Daily, to deliver essentials and household items in 19 minutes.
In January 2022, Reliance Retail led a US$240 million funding round along with Dunzo's existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested US$200 million for a 25.8% stake in Dunzo.
Behind the co-founders
Kabeer Biswas
Kabeer Biswas ideated Dunzo. At the age of 28, he decided to save people's time and initiated the plans for Dunzo.
He is an engineer who graduated from Mumbai University and completed his Master's at the Narsee Monjee Institute of Management in Mumbai.
In 2007, he started working with Airtel as a product and sales manager.
Kabeer subsequently served in the New Product Development and the Product divisions of Y2CF Digital Media and Videocon Telecommunications respectively before founding Dunzo.
Kabeer is currently appointed as the CEO of Dunzo.
Kabeer Biswas, the CEO of Dunzo, has a Bachelor of Electronics degree in Computers from the University of Mumbai and a master’s degree in Business Administration from NMIMS [Narsee Monjee Institute of Management Studies.]
He used to work at Bharti Airtel Limited, Videocon Telecommunications Ltd and Y2CF Digital Media Pvt Limited prior to starting Dunzo.
The founder of Dunzo as well as the one who initiated the concept behind the platform is Kabeer Biswas.
At the age of 28, the man took the initiative to save the time of the public and introduced the concept of the Dunzo platform.
A graduate in engineering from Mumbai University as well as alumni of Narsee Monjee Institute of Management in Mumbai, Kabeer is also the founder of Hoppr, a platform that was later on sold to Hike Messenger.
Along with this, he has also worked for Airtel from 2007 to 2010 in the sales and production department.
Mukund Jha