<p> Tata Digital is in talks to buy a stake in hyperlocal delivery startup Dunzo.</p>.<p>While the exact value of the deal is not known, it may value the company at Rs 1,093-1,457 crore, Mint <a href="https://www.livemint.com/companies/news/tata-digital-in-talks-for-stake-in-hyperlocal-delivery-firm-dunzo-11623178974299.html" target="_blank">reported</a>, citing people aware of the matter, adding that Tata may own a close to controlling stake in the startup.</p>.<p>Dunzo <a href="https://www.deccanherald.com/business/business-news/dunzo-raises-40-mn-in-funding-from-google-lightbox-and-others-940714.html" target="_blank">had raised</a> Rs 290 crore in a round of funding earlier this year.</p>.<p>The company is also aiming to raise Rs 1,094 crore with an aim to reach Rs Rs 7,300 crore in revenue in the next two years, according to a <em>Bloomberg</em> report.</p>.<p>Tata Digital recetly invested in fitness startup <a href="https://www.deccanherald.com/business/business-news/tata-digital-to-invest-75-million-in-curefit-bansal-to-join-co-as-president-994845.html">CureFit</a>, with CureFit's founder and chief executive Mukesh Bansal joining Tata Digital in an executive role as its president. The company has also bought a majority stake in online grocery seller BigBasket, aiming for a mass push in its digital portfolio.</p>.<p>Dunzo was launched in 2015, and has raised funds from industry big-wigs like Google, Lightbox, Alteria and South Korea-based STIC.</p>.<p>As per the Registrar of Companies, Dunzo is valued at Rs Rs 1,600 crore as of June 2020.</p>.<p>“We’re very surprised by the buyout question, which is not up for discussion at all. That being said, we want to highlight: Dunzo has doubled as a business in the last 75 days and processes over $200 million in annualized gross merchandise (GMV) value," a Dunzo spokesperson told <em>Mint</em>.</p>
<p> Tata Digital is in talks to buy a stake in hyperlocal delivery startup Dunzo.</p>.<p>While the exact value of the deal is not known, it may value the company at Rs 1,093-1,457 crore, Mint <a href="https://www.livemint.com/companies/news/tata-digital-in-talks-for-stake-in-hyperlocal-delivery-firm-dunzo-11623178974299.html" target="_blank">reported</a>, citing people aware of the matter, adding that Tata may own a close to controlling stake in the startup.</p>.<p>Dunzo <a href="https://www.deccanherald.com/business/business-news/dunzo-raises-40-mn-in-funding-from-google-lightbox-and-others-940714.html" target="_blank">had raised</a> Rs 290 crore in a round of funding earlier this year.</p>.<p>The company is also aiming to raise Rs 1,094 crore with an aim to reach Rs Rs 7,300 crore in revenue in the next two years, according to a <em>Bloomberg</em> report.</p>.<p>Tata Digital recetly invested in fitness startup <a href="https://www.deccanherald.com/business/business-news/tata-digital-to-invest-75-million-in-curefit-bansal-to-join-co-as-president-994845.html">CureFit</a>, with CureFit's founder and chief executive Mukesh Bansal joining Tata Digital in an executive role as its president. The company has also bought a majority stake in online grocery seller BigBasket, aiming for a mass push in its digital portfolio.</p>.<p>Dunzo was launched in 2015, and has raised funds from industry big-wigs like Google, Lightbox, Alteria and South Korea-based STIC.</p>.<p>As per the Registrar of Companies, Dunzo is valued at Rs Rs 1,600 crore as of June 2020.</p>.<p>“We’re very surprised by the buyout question, which is not up for discussion at all. That being said, we want to highlight: Dunzo has doubled as a business in the last 75 days and processes over $200 million in annualized gross merchandise (GMV) value," a Dunzo spokesperson told <em>Mint</em>.</p>