Jio Looks to back Dunzo in $250 Mn round
Image Credit: money control
Following the hyperlocal pivot of consumers post-pandemic, billionaire Mukesh Ambani-led Reliance Jio may invest in hyperlocal delivery startup Dunzo. The investment could also mark another step in Reliance’s super app ambition under the Jio brands. Under the super app model, Reliance aims to partner with third-party applications in different verticals, similar to what other Indian conglomerates have tried.