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DUNZO BENGALURU
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...
- Dunzo’s last standing cofounder Kabeer Biswas set to exit cash-strapped delivery startupThis follows nearly 12–18 tumultuous months for one of the early movers in the quick commerce business. The discussions come at a time when...
- 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 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...
- 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.
- Reliance-backed Dunzo Daily’s Bengaluru operations hit as delivery staff protestDunzo Daily, the 20-minute delivery service, was still not available in many pockets of Bengaluru as of Thursday afternoon.
- Reliance-backed Dunzo is shifting gears as quick commerce hype settlesThe quick delivery startup is pushing users to opt for 60-min deliveries and grouping orders to cut delivery costs.
- $240 million delivered, Mukesh Ambani-led Reliance Retail picks up 25.8% stake in DunzoThe Reliance-Dunzo deal has more than doubled the valuation of the Bengaluru-based startup to $775 million. Dunzo is planning an IPO in the...
- Chocolate maker Hershey India partners with Swiggy and Dunzo to widen reach post lockdownWith Indians increasingly cooking snacks at home amid the lockdown, the company launched the online store as an additional avenue for consu...
- Covid-19 impact: Britannia partners with Dunzo to home-deliver food essentialsThe new partnership will allow customers to order products from Britannia Essential stores through the Dunzo app. Dunzo will source the pro...
- Dunzo picks up $11 million from Alteria CapitalThe funding will help Dunzo scale up in other geographies, while retaining value for its existing shareholders, including employees, the co...
- Curds to condoms: This company delivers allIn 2018, Dunzo executed 75,590 deliveries within a 100-metre radius, including a delivery requested by a Gurgaon user to the “third floor”.
- 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...
- Google makes first direct investment in India, funds hyper local startup DunzoIf it expands nationally, it may cater to up to 10 million customers who might need its services six to seven times a month.
- Unlike peers, Dunzo is still up and runningDunzo, 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...
- Personal task management startup Dunzo raises $650K Pre-Series A fundingThe dunzo app, with its full stack approach, leverages both AI and human operators in providing solutions for consumers’ everyday tasks. Th...
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