Google Invests $12 million in Indian Startup

Having picked up a significant minority stake in Bangalore, India-based Dunzo, a hyper-local concierge and delivery player, Google made its first direct investment of $12 million in an Indian startup. With a chat-based interface, the Dunzo app facilitates daily tasks management — individuals can create ‘to-do lists’ and collaborate with partners / vendors to strike off the tasks from the list.

The investment is part of Google’s ‘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, reports the Economic Times.
Google India Logo
“I see a change in tack,” said Rutvik Doshi, managing director at Inventus Capital and a former Googler, adding that Google probably now sees India as a large enough market to make investments. “After getting the first two billion users, Google has realized that to get the next one billion they will need to rethink their product stack and approach,” he said.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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