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DUNZO FUNDING
IT reworks hiring for Gen Z; HCLTech CEO on AIHappy Thursday! India’s IT sector is seeing a sharp rise in replacement hiring as Gen Z professionals switch jobs faster. This and more in ...- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- Kabeer Biswas’s concierge startup 'M' raises Rs 102 crore from Peak XV, Blume, CredKabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV P...
- Reliance writes off its $200 million investment in DunzoReliance Industries wrote off its investment in Dunzo after the hyperlocal delivery platform struggled in the competitive quick commerce ma...
- Dunzo’s survival hinges on Reliance Retail commitment to fundsAn impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the ab...
- Dunzo's big valuation drop; decoding govt’s tax math on online gamingDunzo is seeking approval to raise $35 million via a rights issue, but some of its investors feel the cash-strapped startup’s valuation be ...
- Reliance, Lightrock representatives exit Dunzo board amid legal notices, pending duesQuick commerce startup Dunzo has experienced several board of directors exits over the past two months, reportedly due to cash-flow issues ...
- ETtech Recap: Decoding Dunzo’s deepening crisis in five storiesHere’s a look at ETtech’s comprehensive coverage of the latest developments at the troubled Bengaluru-based company.
- ETtech Exclusive: Dunzo cofounder Dalvir Suri to exit amid tough timesDalvir Suri, who joined the Bengaluru startup as a cofounder six years ago, was a key executive for core business DMS, client liaison, staf...
- Dunzo may get $30-35 million lifeline from Reliance, Google, others; more cost cuts on anvil across bizTo secure the much-needed cash, Duzo has also proposed a significantly smaller scale of life ahead where it has projected to bring its burn...
- Dunzo delays paying salaries further as company faces severe cash crunchDunzo has been struggling to finalise crucial funding amid a cash crunch, as a valuation mismatch among stakeholders has become a point of ...
- Dunzo delays payment of August salaries for some staff till end of this weekDunzo has been struggling to close essential new financing as a difference in the scope of valuation between its investors has emerged as a...
- Dunzo’s business in free fall amid severe cash flow issuesThe descent in its scale of operations accelerated earlier this year as the firm’s funding was delayed in the backdrop of a larger stress i...
- Fresh layoffs begin as beleaguered Dunzo looks to prune costsSources aware of the matter said several employees have now been told their roles would be redundant as the company needs to save capital b...
- Dunzo to undertake further layoffs as cash flow crisis deepensDunzo is set to undertake another round of layoffs amid a funds crunch, co-founder and CTO Mukund Jha told employees in an all-hands meetin...
- Exclusive: Dunzo secures funding via convertible notes, lays off 30% of staffAbout $50 million of the funding is coming from Google and Reliance Retail while other existing investors are putting in the rest.
- Exclusive: Dunzo eyes $100 million via convertible notes amid tough equity funding marketReliance-backed co latest to tap alternative routes to secure funds. The round is in advanced stages of closure and could finally settle in...
- Google-backed India courier app Dunzo seeks $150 million fundingThe app, which connects low-cost couriers to thousands of individual merchants, has lured Indians with its rapid delivery of items ranging ...
- Dunzo lands $40 million in funding from new and existing investorsDunzo said it plans to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the coming year.
- Dunzo is in talks to raise Rs 183 crore from Google, othersThe funding round is expected to value the three-year-old startup at about $100 million, three times the valuation Dunzo garnered when it p...
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