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DUNZO DARK STORES
Flipkart Minutes eyes profitability, higher order value via broader product mixFlipkart Minutes aims to boost average order values and profitability by integrating Flipkart's extensive product range. Expanding rapidly,...- Dunzo cofounder Kabeer Biswas to head Flipkart quick commerce business MinutesKabeer Biswas is leaving cash-strapped Dunzo, backed by Reliance Retail, after more than a year of grappling with funding issues. Biswas wi...
- 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 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 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’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 ...
- Cash-strapped quick commerce startup Dunzo eyes $20 million more from Reliance RetailReliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in t...
- 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...
- Dunzo lays off 300 employees amounting to 30% of its workforceBesides layoffs, Dunzo is also likely to cut about 50% of its dark stores and run only those that can be profitable or are nearing that thr...
- 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 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.
- Ola plans aggressive push for Ola Dash in crowded quick-commerce arenaOla is planning an aggressive push for its quick commerce service, Ola Dash, by setting up 500 dark stores across 20 cities in the next six...
- $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...
- Dunzo-Tata talks stuck on deal termsDunzo is in active discussions with Tata Group-owned BigBasket to power the e-grocer's express delivery service
- Swiggy joins quick grocery delivery race with InstaMartThe move has also come amid the entry of Reliance JioMart, a foray that is expected to give stiff competition to established players.
- Swiggy, Dunzo open doors to dark stores to go hyperlocalSwiggy and Dunzo have tied up with wholesalers for the first, while they have teamed up with Jumbotail for the second.
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