Dunzo Raises $3.1Mn in Series C Funding
Highlights
Dunzo plans to invest in brand marketing and routine operationsCognizant co-founder also participated in Series C FundingDunzo achieved over 1 million transactions done by October 2018
The Artificial Intelligence-driven Bangalore’s own local delivery app Dunzo gets funding of $3.1Mn (INR 22.49 Cr) in a Series C funding. The company’s idea is to utilize the investment to develop brand marketing, build infrastructure and also for day-to-day operations.
Dunzo is an AI driven app, a chat-based interface, which allows its users to create to-do lists and get their work done.
Cognizant co-founder N Lakshmi Narayanan also made his presence available in Series C funding. According to its filings with the Registrar of Companies (RoC), the company issued cumulative convertible...