Reliance-backed Dunzo is shifting gears as quick commerce hype settles

Reliance NSE -0.44 % Retail-backed quick commerce platform Dunzo is shifting gears on its growth momentum after a hyperactive first half of the year in which it scaled operations of its 15-20 minute grocery delivery service Dunzo Daily. In January, it closed a $240 million funding round led by Mukesh Ambani’s Reliance Retail, which picked up more than 25% in the startup.

After that round, the company stepped on the gas as it looked to expand operations amid intense competition from rivals like Swiggy’s Instamart, Zepto, and BigBasket’s BB Now, a new entrant.