The insolvency court was hearing an insolvency petition filed last year by one of the company’s financial creditors—called Invoice Discounters of Dunzo Digital Pvt Ltd—for non-payment of dues.

From Promising Beginnings to Uncertain Times Dunzo was started in the year 2014 as a pick up and drop service, which through the year 2021 it turned into a quick commerce company . I will analyse ...

Reliance Retail held nearly 26 per cent stake while Google had a 20 per cent stake in Dunzo. Moreover, the company’s losses had also swelled to Rs 1,801 crore in FY23 from Rs 464 crore in FY22.

Flipkart has hired Kabeer Biswas, the co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick-commerce business in the country. Biswas will lead ...

Dunzo co-founder and CEO Kabeer Biswas is set to exit the troubled hyperlocal delivery startup, according to a report in Moneycontrol. Biswas is exiting the firm after a decade-long stint, marking ...

Layoffs at Dunzo Supported by Reliance Retail As a cost-cutting measure, Dunzo let go of 150 workers or almost 75% of its personnel. Financial Express reported that the company's mounting financial ...

Dunzo started the quick commerce business under Dunzo Daily in 2021, which is said to be a $240-million investment led by Reliance. The capital-intensive business soon ran into financial trouble.

The company, which was on its path to becoming a unicorn, or a company with a valuation of at least $1 billion in 2022, reported a substantial net loss of ₹ 1,802 crore in FY23.

Cash-strapped hyperlocal delivery platform Dunzo has reportedly fired 150 staff in a fresh round of layoffs, leaving the company with only 50 headcount across supply and marketplace verticals.

Dunzo is still stuck in a limbo. After more than a year of negotiations and speculation, the startup’s current cash crunch is likely to be solved by its largest shareholder Reliance Retail. But ...

The liquidity crisis of Dunzo Due to financial difficulty, Dunzo has had to alter its business plans, postpone paying vendors and employees, and cut staff throughout the last 12 months. The quick ...