Thursday, January 6, 2022

Bengaluru-based Dunzo, which operates a hyperlocal delivery service in seven Indian cities, raises $240M led by Reliance Retail at a $775M valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Bengaluru-based Dunzo, which operates a hyperlocal delivery service in seven Indian cities, raises $240M led by Reliance Retail at a $775M valuation  —  Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain aggressively expands its offerings.



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...