Reliance Industries completed the acquisition of a 25.8% stake in Dunzo for $200m.

Reliance Industries, an Indian multinational conglomerate company, completed the acquisition of a 25.8% stake in Dunzo, an Indian online delivery platform, for $200m. “We are seeing a shift in consumption patterns to online and have been highly impressed with how Dunzo has disrupted the space. Dunzo is the pioneer of Quick Commerce in India and we want to support them in furthering their ambitions of becoming a prominent local commerce enabler in the country. Through our partnership with Dunzo, we will be able to provide increased convenience to Reliance Retail’s consumers and differentiated customer experience through rapid delivery of products from Reliance Retail stores. Our merchants will get access to the hyperlocal delivery network of Dunzo to support their growth as they move their business online through Jio Mart,” Isha Ambani, Reliance Director.