RIL arm, other backers to throw lifeline to quick commerce firm Dunzo

$35 mn fundraise may go through within a week

Beleaguered quick commerce company Dunzo is in talks to raise around $35 million in fresh funding amid an ongoing liquidity crunch at the firm.

The deal is expected to go through within a week, according to sources.

The capital will primarily be raised from the company’s existing investors like Reliance Retail, who will pump in the funds on favourable terms. Some new investors will also participate in the funding round, people aware of the development told Business Standard.

The fresh funds will be raised on a pro rata basis, proportional to the stake the investors have in the company. The