Reliance Retail buys a 25.8 % stake in Dunzo for $ 200 million

Reliance Retail buys a 25.8 % stake in the quick commerce platform, Dunzo. The company has spent $ 200 million equivalent to Rs. 1488 Cr for this purpose.

The company took this decision to get a strong space in the quick delivery market. Dunzo will provide logistics assistance to the retail giant. It will also enter into several business partnerships with Dunzo.  Dunzo will also provide logistics aid to Jiomart.