Tata Digital in talks for stake in hyperlocal delivery firm Dunzo

NEW DELHI : Tata Digital, a unit of Tata Sons Ltd, has begun talks to buy close to a controlling stake in hyperlocal delivery startup Dunzo, said three people aware of the matter.

The potential deal may value the six-year-old company at $150-200 million ( ₹1,093-1,457 crore), these people said on condition of anonymity.

Dunzo Digital Pvt. Ltd, backed by Google, Lightbox and Blume Ventures, among others, had raised $40 million (around ₹290 crore) as part of its Series E funding round earlier this year.

A Bloomberg report in April said the company was planning to raise as much as $150 million to extend its reach and become a $1-billion revenue business in the next two years.