About Debroop Roy
Covering the start-up ecosystem in and around Bangalore for Entrepreneur. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.
More From Debroop Roy
Having raised funding of $11 million, the company expects to expand to 100 cities across 10 states and reach the underserved strata in the e-retail space.
As the electric vehicle space takes flight in the country, investors talk about the need for price parity and vertical integration as the way to grow
While the government is pushing for EVs, problems around awareness and infrastructure must be tackled head-on
If approved, start-ups such as Dunzo and Zomato would be able to cut down costs and drive faster deliveries
With expectations that the number of start-ups in India will double, the government must make clear and consistent policies to help them scale and survive.
The funding for Dunzo comes at a time when the company is battling deep discounting from food delivery start-ups and the entry of e-commerce giant Amazon into the hyperlocal space.
The start-up intends to use the funds for brand building, launching new products and growing the management team.
A 6 per cent year-on-year rise in investments was led by Reliance Jio's deal with Brookfield and the overall IT sector.
Having grown more than five-fold in the last 10 years, the home-grown company is betting on country-wide expansion and rebranding to reach greater heights.
Facebook's intention to invest more in the country follows the footsteps of the likes of Amazon, Microsoft and Google.