India-based task management app Dunzo raised Rs 808m ($12.5m) in a series B round led by internet technology provider Google, VCCircle reported yesterday.
Google invested approximately $10m through its Google Asia Pacific arm, acquiring a 33.8% stake in the company. Aspada Investment Advisors and Blume Ventures also took part in the round, providing $1.9m and $600,000 respectively.
Founded in 2015, Dunzo is a mobile task management platform available on mobile devices to users in the Indian cities of Bengaluru and Pune.
The app allows users to create to-do lists and helps them complete them by providing services such as grocery collection, package shipping and the arrangement of repairs.
The chat-based app includes a one-touch payment method and uses artificial intelligence and human operators to interact with users to arrange for task completion. Dunzo plans to expand to up to six cities across India by the end of 2018.
Dunzo secured $650,000 in a pre-series A round featuring Blume Ventures, Aspada Ventures and a range of angel investors in March 2016, subsequently bringing in $1.2m from Aspada in a November 2016 series A round.
Kabeer Biswas, Dunzo’s CEO, told Times of India: “Dunzo as a product ends up replacing the local search experience. Largely, the goal with the product has been how do you make ‘local’ easy – either it is moving stuff or interacting with local stores.”