Reliance-backed Dunzo nears fresh funding of $50 million

The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms.
Reliance Retail and Google, two existing backers of Dunzo, are among those who are holding discussions to invest in the new round, the sources said, requesting anonymity as the information is private. The funding deliberations are currently moving ahead largely with existing backers, the sources said.
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