Dunzo Start-up

Licious FY24 loss drops by 44%, 3rd party channel closures impact revenue

This growth is majorly fueled by the launch of 17 native GenAI language models in India, a 4.6 times surge in GenAI services

The Dunzo story: When quick commerce proved to be a tough nut to crack

Dunzo's rush into quick commerce and search for funds have yet to deliver the goods, leaving it in a fragile state

Dunzo seeks to raise $35 mn in rights issue at a $200 mn valuation

The ailing startup has heavily cut the scale of its quick-commerce operations to save cash over the past year

Another top-level exit added to Dunzo cart in times of term sheets

Dunzo is looking to raise $35 million in fresh funding

Dunzo to settle ex-employees dues in 3 months, firm restructuring underway

Logistics and delivery firm Dunzo plans to settle dues of former employees in next three months while it is regularising salary for its current employees, sources said. The firm backed by Reliance Retail and Google said that while its co-founder Davlir Suri has decided to leave the company, another co-founder Mukund Jha will continue be part of the strategic leadership team. "In June salary of 85 per cent employees were paid. Salary of current employees for the month of July is pending and rest of month salary has been cleared. The July month salary will also be cleared in some time. Dues of ex-employees will be settled in the next three months," a source, who did not wish to be identified, told PTI. The development comes after Dunzo raised USD 75 million in April, and fired about 300 employees in the first half of this year as part of cost-cutting measures. The company in total has raised around USD 457 million. Another source said that the company has plans to lay off around 150

Reliance-backed delivery firm Dunzo to restructure, co-founder quits

Dunzo did not say when Suri would leave nor did it name his replacement. Ankur Agarwal and Mukund Jha are the company's other co-founders

RIL arm, other backers to throw lifeline to quick commerce firm Dunzo

$35 mn fundraise may go through within a week

Dunzo defers employee salaries for June and July yet again to November

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Dunzo delays employee salaries yet again, sets October as new deadline

Dunzo, a quick commerce startup backed by Reliance and Google, had earlier told its employees that their June and July salaries would be paid in September

Several Dunzo dark stores go offline in Bengaluru amid worker salary delays

Dunzo's salary deferrals come even as the firm raised $75 million in funding through convertible notes in April this year, indicating its high cash burn rate

Dunzo fully integrates seller app onto ONDC, will onboard 20k merchants

Quick commerce firm will provide merchants customer and last-mile logistics delivery support for joining network

Endless troubles: What is happening at quick commerce platform Dunzo?

Quick-commerce player Dunzo is struggling not only with financial losses but also with keeping its operations afloat

Dunzo seeks $20 million additional investment from Reliance Retail

Reliance Retail picked up 25.8% of Dunzo's shares back in January 2022 after investing $240 million into the startup

Quick commerce firm Dunzo defers salaries of 50% workforce for June

Sources say this may trigger a fresh round of job cuts

Layoffs continue at startups; funding winter, macro uncertainty to blame

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

Google-backed Dunzo launches instant grocery delivery service in Mumbai

In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022

What are Dunzo CEO Kabeer Biswas's plans about funding and growth?

In a chat with Business Standard's Surajeet Das Gupta, quick commerce player Dunzo's CEO Kabeer Biswas tells about strategic partnership with Reliance Retail and long-term expansion plan. Listen in

Flipkart tops Fairwork India Ratings 2021, Urban Company comes in second

Flipkart is followed by Urban Company, Asia's largest home services marketplace and Tata-owned online grocer BigBasket.

Delivery start-up Dunzo eyes unicorn status, seeks $150 million funding

The app has lured people with its rapid delivery of items ranging from groceries to parcels in cities

Indian consumers top anxiety list, show maximum wariness about health, job

The state of the Indian consumer has been the subject of attention of a number of agencies in recent weeks