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Reliance Retail picks up 25.8% stake in Dunzo

News: Reliance Retail has invested US$ 200 million for acquiring a 25.8% stake in Dunzo (a leading quick commerce player in India).

Views: Dunzo is available across seven metro cities in India. The additional capital will be used to expand the quick commerce business to 15 cities. The partnership with Dunzo will enable Reliance Retail to provide increased convenience to its consumers through rapid delivery of products from Reliance Retail stores. Also, Reliance Retail’s merchants will get access to the hyperlocal delivery network of Dunzo to support their growth as they move their business online through Jio Mart. Dunzo’s capabilities in hyper local delivery will further enhance Reliance Retail’s omni-channel capabilities.

Impact: Positive