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DUNZO CASH CRUNCH
Dunzo founder Kabeer Biswas exits Flipkart Minutes; Kunal Gupta takes chargeKabeer Biswas exits Flipkart Minutes: People familiar with the matter said Biswas had held talks to join Tata Group-owned grocery delivery ...- 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 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...
- Online bargains recede as festive sales outperform; Dunzo board vets expenses amid cash crunchEcommerce discounts and promotional offers came down on the third day of the biggest annual online festive sales, as brands and online sell...
- 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.
- ETtech Exclusive: Dunzo cofounder Dalvir Suri to exit amid tough timesDalvir Suri, who joined the Bengaluru startup as a cofounder six years ago, was a key executive for core business DMS, client liaison, staf...
- 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 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’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 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...
- Dunzo’s business in free fall; PB Fintech’s Yashish Dahiya on opportunities in credit & moreTalk about being caught in a downward spiral. Cash-starved Dunzo has sharply scaled down operations to about a fifth from last year’s peak ...
- 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...
- Crisis deepens at Dunzo as it further delays staff salaries; Indian investors double down on Big Tech stocksDunzo told employees that it understands the delay in salaries is ‘very difficult’ and that the firm appreciates the patience.
- Dunzo asks rainmaker Reliance for more monies; OneCard, WintWealth apply for NBFC licencesA week after ET reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The q...
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