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DUNZO SHAREHOLDERS
PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.18 Dec, 2023, 12.04 PM IST- How PhonePe's plan to invest in Dunzo hit a roadblock; Slice seeks fresh fundsPhonePe was interested in acquiring the merchant network and quickly tapped into it for Pincode. It has been spending on customer acquisiti...18 Dec, 2023, 07.56 AM IST
- Reliance, Lightrock representatives exit Dunzo board amid legal notices, pending duesQuick commerce startup Dunzo has experienced several board of directors exits over the past two months, reportedly due to cash-flow issues ...04 Oct, 2023, 09.21 AM IST
- 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 ...04 Oct, 2023, 08.03 AM IST
- 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.02 Oct, 2023, 12.44 PM IST
- 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...02 Oct, 2023, 09.55 AM IST
- 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...25 Sep, 2023, 09.09 PM IST
- 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...31 Aug, 2023, 07.32 AM IST
- 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%...22 Aug, 2023, 08.44 AM IST
- 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...28 Jul, 2023, 08.58 AM IST
- 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.21 Jul, 2023, 06.54 PM IST
- 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...18 Jul, 2023, 08.38 AM IST
- ETtech Deals Digest: Fractal, OpenSea, Dunzo raise fundsNew York-based artificial intelligence firm Fractal, blockchain marketplace OpenSea and quick commerce platform Dunzo were among the startu...07 Jan, 2022, 05.50 PM IST
- $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...07 Jan, 2022, 10.27 AM IST
- RIL shares up 1% after Reliance Retail buys stake in DunzoPost this deal, Reliance Retail is now the largest shareholder in Dunzo.07 Jan, 2022, 09.33 AM IST
- Dunzo-Tata talks stuck on deal termsDunzo is in active discussions with Tata Group-owned BigBasket to power the e-grocer's express delivery service19 Aug, 2021, 06.00 AM IST
- 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...20 Feb, 2020, 08.05 AM IST
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