Dunzo

Dunzo, the hyperlocal and quick-commerce startup, has announced a fresh round of layoffs, impacting 150 employees. With a 75 per cent cut in its workforce, Dunzo will have just 50 employees in its core supply and marketplace teams, according to a report.

- Mukund Jha, co-founder and former CTO of Dunzo, is in discussions to secure Rs 50-80 crore from Together Fund for his new generative AI startup. - This fundraising effort follows Jha's departure from the financially troubled Dunzo in October 2023, as reported by Moneycontrol. - The trend of top executives leaving established startups to launch their own ventures is gaining traction, appealing to both operators and investors. - Jha's new venture aims to merge AI and SaaS to automate quality assurance processes, according to sources familiar with the matter. - Despite Dunzo's denial of Jha's exit, insiders reveal he has stepped back from daily operations, with a formal announcement expected soon. Source: Moneycontrol

Dunzo was one of the pioneers in executing hyper local delivery at scale, considering they started way back in 2014. They had customers, experience, tech, fleet of delivery guys. Lastly and most importantly, a down to earth founder in “Kabir Biswas” I am simply not able to wrap my head around the fact that while Zepto and Blinkit are doing so well , why couldn’t Dunzo replicate the same in Q commerce segment? What do you guys think could be the reason behind their demise? Just pivoting from hyper local to Q commerce can’t be the reason!

Paisa milega ki nahi ?

My Take - Probably there would have been less 2 wheeler accidents rather than driving revenue growth for all these companies.

I recall a period when several individuals from upper management were keen on initiating a lawsuit against Dunzo due to unpaid dues, and yet, all of them seemed to disappear without a trace after a while. I'm genuinely curious about what might have transpired.

Anyone with some insider info? Feels long since last update.

Curious to know how they are surviving and for how long? have the people who left recd thier pending dues? Current ones recieving thier salaries? Are they still trying to convince Reliance to save them?