India's Reliance picks up 26% stake in instant-delivery firm Dunzo for $200m

India's Reliance picks up 26% stake in instant-delivery firm Dunzo for $200m

Dunzo founders (from left) Ankur Aggarwal, Mukund Jha, Kabeer Biswas and Dalvir Suri.

Reliance Industries Ltd’s retail arm has invested $200 million for a 25.8% stake in Indian online delivery platform Dunzo to get a foothold into the rapidly growing market of superfast dispatch of household goods.

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