Google-backed Dunzo raises Rs 78 cr from Alteria, expands into other cities

The delivery and local e-commerce firm is steadily expanding deeper into other cities

Google-backed delivery and e-commerce firm Dunzo said it has raised $11 million (over Rs 78 crore) from Alteria Capital. It said Alteria Capital, India’s largest venture debt fund, has been a crucial peg in Dunzo’s mission to become a profitable local e-commerce company. 

As a quickly maturing business, Dunzo said it has built a playbook on profitability across the cities it is present in, especially crucial cities like Bengaluru and Pune. The company is now steadily expanding deeper into other cities and is also adapting its strategy to the changing demands of urban cities. 

“From the early stages of Dunzo,