Dunzo raises $40 million from Google, Lightbox and others Credit: Aroon Deep
Hyperlocal e-commerce company Dunzo has raised $40 million from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria among others. It will use the funds to aid growth in cities like Mumbai, Chennai, and Pune.
The company said it saw a 2X growth in its gross merchandise value (GMV) in 2020, making it a ~$100 million annualised GMV business. “The growth in 2020 comes on the back of strong, organic user demand while maintaining Gross Margin Profitability for the overall business,” the company said in a statement.
Jio makes calls to any network in India free
Reliance Jio was launched in September 2016, following which India’s telecom sector has witnessed massive disruptio
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Voice calls made by Reliance Jio Infocomm Ltd subscribers to rival networks within India will be free from 1 January, India’s largest mobile operator by market share said on Thursday.
The decision comes as the telecom regulator has mandated that telcos will not have to pay so-called termination charges to rival networks starting 1 January. The termination fee was set at 6 paise per minute till 31 December by the Telecom Regulatory Authority of India (Trai).
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Opening up on the potential of a technology-enabled ecosystem in propelling the economic growth of a highly diversified nation Ambani said he sees the country accelerating as a premier digital society.
FB-Jio will help digital platforms value creation in India: Mukesh Ambani in conversation with Mark Zuckerberg
The world’s two leading IT platforms - Jio and Facebook - have reiterated their commitment to India’s $5 trillion economy push. According to Mark Zuckerberg, Founder, Chairman & CEO, Facebook, the social messaging platform, in coming days will speed up its focus on helping India realise the ambitious target. And to this effect, Zuckerberg sees Small and Medium businesses playing a key role.