Google makes first direct investment in India – Feedback

Google has picked up a significant minority stake in hyper-local concierge and delivery player Dunzo, its first direct investment in an Indian startup underlining how the global search giant is quietly getting into an investment mode in the country.

Google led a $12-million investment in the Bengaluru-based startup as part of its ‘Next Billion Users’ push, as it seeks to build an ecosystem in India across high-frequency hyper-local transactions as well as in the healthcare, financial services and education sectors.Google wants to build an ecosystem in India similar to those of Flipkart, Paytm-Alibaba and Amazon India, ecommerce giants that are investing significantly across food-delivery, grocery and local services, said people familiar with Google’s plans for the country.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/google-makes-first-direct-investment-in-india-funds-hyper-local-startup-dunzo/articleshow/61925929.cms

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