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DUNZO SALARIES
Flipkart looking to buy Reliance-backed Dunzo: reportWhile talks are still ongoing, complexities surrounding Dunzo's ownership structure have impeded the two parties from coming to an understa...- PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.
- 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 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...
- 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...
- Dunzo valuation may drop to $200 million, firm seeks nod for rights issueWhile a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet ...
- 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.
- 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 to pay August salaries via payroll financing app OneTap amid cash crunchEmployees were asked to download and register on the app, as well as fill a know your customer (KYC) form on the app to receive their payme...
- 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 delays June-July salaries further, says making ‘positive progress’ on fundingEmployees have been promised that the salaries for August will be paid on time on September 4. “The balance salaries for June and July, alo...
- IT sector drives strong PE interest; Dunzo delays June-July pay yet againData shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as inve...
- Markdown detour slows fresh funds delivery to DunzoReliance Retail, the largest investor with 26% stake in Dunzo, is averse to the idea of slashing the valuation of the startup by nearly 50%...
- Dunzo faces legal notice from seven firms over unpaid duesDunzo had received legal notices from Google India, Nilenso, Clover Ventures, Facebook India Online Services Private Limited, Cupshup, Koo ...
- Quick commerce startup Dunzo formally announces fresh layoffsThis is the third round of layoffs at the Reliance Retail-backed firm, which is grappling with cash flow issues.
- 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...
- Cash-strapped Dunzo seeks a lifeline; defers salaries, plans more job cutsDunzo has decided to reduce costs by 30-40%, which will involve more job cuts, even as it further delays payment of salaries.
- Reliance-backed Dunzo may cut more jobs; defers 50% of June salary amid cash crunchDunzo has already cut jobs twice this year. In April it fired 30% of its workforce, or more than 300 people, and simultaneously planned a s...
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