CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of these companies has invested USD 200 million in delivery platform Dunzo to acquire its 25.8% stake?

A	Bigbasket
B	DMart
C	Future Group
D	Reliance Retail

Explanation:

Detailed explanation-1: -Reliance Retail , a subsidiary of Reliance Industries has invested $200 million for a 25.8 percent stake in Dunzo, India’s leading quick commerce player, Dunzo has raised $240 million in all, which includes investments by existing investors Lightbox, Lightrock, and 3L Capital and Alteria Capita.

Detailed explanation-2: -Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery.

Detailed explanation-3: -Reliance Retail Acquires Stake in Dunzo.

Detailed explanation-4: -$240 million delivered, Mukesh Ambani-led Reliance Retail picks up 25.8% stake in Dunzo.

Detailed explanation-5: -Through our partnership with Dunzo, we will be able to provide increased convenience to Reliance Retail’s consumers and differentiated customer experience through the rapid delivery of products from Reliance Retail stores.

There is 1 question to complete.