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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.
- Restaurant body vs Zomato, Swiggy; Dunzo CEO joins FlipkartRestaurant industry body NRAI has challenged 10-minute food delivery apps. This and more in today's ETtech Top 5.
- 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...
- 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...
- 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 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 ...
- Dunzo may get fresh funds but at a price; Amazon’s $4-billion AI betTroubled quick commerce startup Dunzo may finally find some relief, but conditions will apply. The startup could soon close a funding round...
- 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...
- 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 holds talks with debt investors to rejig credit termsDunzo’s efforts come at a time when it has simultaneously been looking to arrange new capital from both existing and new investors. In June...
- 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...
- 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.
- 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.
- Dunzo's logistics arm plans to expand business to 10-15 new cities in next 18 months: Cofounder Dalvir SuriDunzo cofounder and Dunzo4Business (D4B) head Dalvir Suri said the logistics aggregator firm is working, along with the government-supporte...
- Reliance-backed Dunzo’s B2B logistics arm joins ONDCDunzo for Business (D4B) has a fleet of over 75,000 delivery partners, connecting over 20,000 merchants to customers.
- Dunzo set for a ride, UberMoto watch outThe app-based runner service plans to launch its bike service by the end of this month in Gurugram. The company currently has 400 weekly ac...
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