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DUNZO LOSS
Wrench in India’s gadget exports; OpenAI’s eye on IndiaHappy Friday! Growth in India’s electronics exports faces tariff threats from the US, its largest trade partner. This and more in today’s E...- BharatPe CEO on profitability, IPO timeline; Dunzo goes offlineMerchant payments player BharatPe is set to become a full-stack financial services platform. This and more in today’s ETtech Top 5.
- Dunzo’s demise: How the Reliance-backed hyperlocal delivery startup unravelledDunzo, once a pioneer of hyperlocal delivery in India, faced operational and financial challenges leading to its decline. Founder Kabeer Bi...
- Innovaccer & Giva funding; restaurant body vs Zomato, SwiggyHappy Friday! The deal counter is buzzing with new funding rounds across sectors. This and more in today’s ETtech Morning Dispatch.
- Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 croreBengaluru-based Licious attributed the revenue drop to the closure of distribution channels, especially Dunzo, along with a reduction in ex...
- 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 survival hinges on Reliance; Q&A with Instacart founder Apoorva MehtaReliance Retail, which is an investor in Dunzo, is yet to sign off on a much-needed capital infusion in the cash-strapped company. All abou...
- Dunzo’s auditor flagged issues with firm’s ‘going concern’ statusIn accounting parlance, a ‘going concern’ is an entity that has sufficient resources to continue making money and avoid the risk of bankrup...
- Financial report card for Nykaa, Dunzo; Byju’s in talks with Joffre for Epic saleFSN E-Commerce, the parent entity of omnichannel beauty and fashion retailer Nykaa, saw its Q2 profit jump 50%. Cash-strapped Dunzo also di...
- Dunzo FY23 loss widens to Rs 1,800 crore, revenue jumps 4x to Rs 226 croreThe Reliance Retail-backed firm, which has sharply shrunk its operations and laid off hundreds of employees over the course of this year, s...
- Zomato launches hyperlocal delivery service Xtreme to leverage 3-lakh strong delivery fleetXtreme, which was launched late last month, targets both small and large merchants for delivering small packages intracity on the lines of ...
- Dunzo board, investors vet key costs to keep cash flow in checkThis comes at a time when the Reliance Retail-backed firm has been struggling to manage its cash flow and has several dues pending towards ...
- Dunzo’s funding plans hit a roadblock; software firms seek changes to local value addition normsTroubled quick commerce company Dunzo, in desperate need of cash, is in talks for a funding deal with its investors. But with that comes a ...
- Dunzo’s downfall: from startup star to sinking ship? and other top tech stories this weekThis week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the ...
- Dunzo partners with Alliance Insurance Brokers to provide personal accident insurance cover to delivery partnersThrough this initiative, the insurance service provider, risk manager and reinsurance broker is providing insurance protection to almost 20...
- Swiggy to lay off 380 Employees, says CEOThe food and grocery delivery company is the latest to join the swelling ranks of startups such as ShareChat, Dunzo, Rebel Foods, Hubilo, O...
- Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblockOver the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessfu...
- Delhivery to go live on ONDCONDC, a government-backed e-commerce network, has been seeing active participation from logistics, e-commerce and fintech firms. Dunzo and ...
- Dunzo's FY21 revenue up 67%, losses narrow by 33%Dunzo's gross merchandise value, the total value of transactions through the platform including delivery fees, stood at Rs 590 crore in FY2...
- Your hyperlocal delivery bill just rose some moreThe move has been driven, in part, by the cost of running services during the Covid-19 induced lockdown, including investment to maintain h...
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