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...
10 Jul, 2023, 10.59 PM IST
Vedanta-Foxconn $19.5 billion JV is off; More cost cuts at cash-strapped DunzoBarely a year after Taiwan’s Foxconn signed a joint venture with Indian conglomerate Vedanta to set up semiconductor manufacturing plants i...
10 Jul, 2023, 08.13 PM IST
ETtech Deals Digest: Startup funding plummets 90% in April versus last yearHere are the biggest startup fundraises for April.
24 May, 2023, 06.27 PM IST
Scoop: PharmEasy valuation halved to $2.8 billion, logs ebitda profitability; Paytm’s loan biz decodedOnline pharmacy PharmEasy recorded a positive ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its ...
16 May, 2023, 09.16 AM IST
PharmEasy logs first ebitda profit of Rs 14 crore in April, restarts funding talksThe epharmacy held discussions with CDPQ, ADQ; convertible notes are also being discussed amid valuation corrections and markdowns.
15 May, 2023, 09.42 AM IST
Ecommerce startup Meesho cuts 15% workforce; layoffs amount to 251 employeesCEO Vidit Aatrey tells staff firm made judgment errors in over hiring, now aligning people cost with new biz projections
05 May, 2023, 08.57 PM IST
MeitY’s new online gaming rules explained and other top stories this weekThe Ministry of Electronics & Information Technology (MeitY) will notify at least three self regulatory organisations (SROs), which will de...
08 Apr, 2023, 08.15 AM IST
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...
06 Apr, 2023, 02.55 PM IST
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.
06 Apr, 2023, 12.40 PM IST
Scoop: Dunzo secures $75M via convertible notes, fires 30% staff; Tim Cook may visit India as Apple opens first company-owned storeReliance Retail-backed quick commerce startup Dunzo has secured funding of $75 million through convertible notes. It is also laying off abo...
06 Apr, 2023, 08.20 AM IST
Exclusive: Dealshare lays off 100 employees; Oyo eyes first profitable yearLast year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 em...
27 Jan, 2023, 07.29 PM IST
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.
19 Aug, 2022, 11.30 AM IST
Dunzo shifts growth gears; Shiprocket is 20th unicorn of 2022After that round, the company stepped on the gas as it looked to expand operations amid intense competition from rivals like Swiggy’s Insta...
18 Aug, 2022, 07.52 AM IST
How Blinkit is integrating with Zomato’s Hyperpure after its long-awaited acquisitionBlinkit is expected to shut most of its own backend fulfilment warehouses and merge them with Zomato’s business-to-business restaurant supp...
18 Jul, 2022, 09.03 AM IST
The rise of dark stores: Unused cinemas & marriage halls become hub of 10-minute delivery servicesAs the pandemic gave wings to online delivery, everyone wanted everything at their doorsteps, and fast, paving the way for quick commerce a...
20 Jan, 2022, 05.01 PM IST