AZB, CAM: Reliance $200 million investment in Dunzo

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis

Law Firm - AZB & Partners
By :  Legal Era
Update: 2022-01-07 07:15 GMT
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AZB, CAM: Reliance $200 million investment in Dunzo An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis. Duenzo, a hyperlocal delivery startup, has raised $240 million (around Rs 1800 crore) in a funding round led by Reliance Retail Ventures with involvement from prevailing investors Lightbox, Lightrock, 3L Capital, and...


AZB, CAM: Reliance $200 million investment in Dunzo

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis.

Duenzo, a hyperlocal delivery startup, has raised $240 million (around Rs 1800 crore) in a funding round led by Reliance Retail Ventures with involvement from prevailing investors Lightbox, Lightrock, 3L Capital, and Alteria Capital.

An investment of $200 million by Reliance Retail led to a 25.8percent stake in Dunzo on a fully diluted basis.

Cyril Amarchand Mangaldas acted as Dunzo's legal counsel and partner Karan Pahwa led the project team.

Partner Ashwath Rau and Partner Jasmin Karkhanis led the AZB & Partners team that advised Reliance Retail.

As part of the team led by Manav Nagaraj with Senior Associate Smita Rakshale, Shardul Amarchand Mangaldas advised Light Rock.

Click to know more about AZB & Partners

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By: - Susmita Ghosh

By - Legal Era

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