January 2023 - India - Dunzo likely to raise $100 million, Swiggy outpaces Zomato with higher revenue and scale in FY22

Dunzo is learnt to be closing a $ 70-100 million round through convertible notes.

Swiggy, whose scale contracted by 27% in FY21, managed to grow 2.2X to Rs 5,705 crore during FY22.

After witnessing a dip of 24% in scale during FY21, Zomato’s gross revenue grew over 2X to Rs 4,192 crore during FY22..

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