While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet ...

Here’s a look at ETtech’s comprehensive coverage of the latest developments at the troubled Bengaluru-based company.

To 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 founder Kabeer Biswas warns employees of further layoffs in case the cash flow situation worsens.

Employees 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 has been struggling to finalise crucial funding amid a cash crunch, as a valuation mismatch among stakeholders has become a point of ...

Dunzo has been struggling to close essential new financing as a difference in the scope of valuation between its investors has emerged as a...

Employees have been promised that the salaries for August will be paid on time on September 4. “The balance salaries for June and July, alo...

Data shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as inve...

Reliance 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 had received legal notices from Google India, Nilenso, Clover Ventures, Facebook India Online Services Private Limited, Cupshup, Koo ...

This week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the ...

This is the third round of layoffs at the Reliance Retail-backed firm, which is grappling with cash flow issues.

Sources 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 has decided to reduce costs by 30-40%, which will involve more job cuts, even as it further delays payment of salaries.

Dunzo told employees that it understands the delay in salaries is ‘very difficult’ and that the firm appreciates the patience.

Dunzo 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...