Exclusive: Dunzo eyes $100 million via convertible notes amid tough equity funding market

Reliance Retail-backed Dunzo is in talks to raise up to $100 million (Rs 825 crore) through convertible notes, people aware of the matter said, joining a growing list of startups which have tapped alternate funding routes to preserve their valuations. Dunzo is primarily raising this capital to expand its quick commerce service, Dunzo Daily, people in the know said.