Bangalore-based Dunzo said today it has raised $45 million from Google, Lightbox Ventures, STIC Investment and STIC Ventures, and 3L Capital in a new financing round.

But the bulk of its revenue comes from the commissions 12,000 small businesses pay Dunzo to help them fulfill orders. Dunzo reported a 1.7 billion rupee ($23.5 million) loss in the last fiscal year.

However, Kabeer Biswas, cofounder and CEO of Dunzo, is quite upbeat on the startup’s profitability, while he also noted that the quick commerce can exist in Tier 2 and Tier 3 cities.

Reliance has all but written off Dunzo since then. The quick-commerce model, where companies deliver items to customers within 10 to 15 minutes, hasn’t worked in most parts of the world, but it ...

Dunzo, the quick-commerce startup backed by Reliance Retail, has dramatically reduced its workforce by 75%, leaving just 50 employees in its core supply and marketplace teams, according to recent ...

Dunzo, which started as a concierge service, has undergone multiple shifts and challenges. The company, once valued at $775 million, has been struggling to close a critical funding round.

Founded in 2015, Dunzo operates in the on-demand delivery sector, providing concierge services through its platform that allows users to order groceries, food, packages, and other essentials.