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Google-backed Dunzo raises about $1 Mn in debt from Alteria Capital
Task management app Dunzo has raised Rs 7 crore by issuing non-convertible debentures to venture debt firm Alteria Capital. According to a VCCircle report, the Google-backed startup will deploy the latest proceeds towards expanding its service offerings and for general corporate purposes. Dunzo is currently live in Bengaluru, Pune, Hyderabad, Gurugram, Delhi, and Chennai. The company's task volumes primarily come from pickups and drops and bike taxi and about 50% by buying and selling.
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