Gross merchandise value (GMV) of quick commerce app Dunzo neared ₹600 crore in the financial year 2021, even though the Google-backed company reduced its marketing spends and did not enter any new cities in the last fiscal year.
Dunzo has raised $240 million in its latest round of funding. The investment was led by Reliance Retail Ventures with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital.
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