Indian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.

Kabeer 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 Industries wrote off its investment in Dunzo after the hyperlocal delivery platform struggled in the competitive quick commerce ma...

Dunzo, once a pioneer of hyperlocal delivery in India, faced operational and financial challenges leading to its decline. Founder Kabeer Bi...

Kabeer Biswas is leaving cash-strapped Dunzo, backed by Reliance Retail, after more than a year of grappling with funding issues. Biswas wi...

This follows nearly 12–18 tumultuous months for one of the early movers in the quick commerce business. The discussions come at a time when...

However, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.

An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the ab...

While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet ...

Here’s a look at ETtech’s comprehensive coverage of the latest developments at the troubled Bengaluru-based company.

Reliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50%...

Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in t...

Dunzo Daily, the 20-minute delivery service, was still not available in many pockets of Bengaluru as of Thursday afternoon.

The funding will help Dunzo scale up in other geographies, while retaining value for its existing shareholders, including employees, the co...

The funding round is expected to value the three-year-old startup at about $100 million, three times the valuation Dunzo garnered when it p...

If it expands nationally, it may cater to up to 10 million customers who might need its services six to seven times a month.

Dunzo, initially launched on WhatsApp in 2015, handles 4,500-5,000 tasks a day and expects to become profitable in Bengaluru as early as ne...