They have been trying to raise for a while now. Hopefully they pull through this time

Software Engineer

No way to confirm this as of now i guess? Hope its true though, a lot of people are waiting for their salaries.

Can't believe the investors are not even doing basic ground due diligence, how will they ever recoup thier money back!

Program Manager

https://inc42.com/buzz/exclusivedunzoinadvancedtalkstoraisearound100mninseriesground/

Welcome to Indian Startups's Private Community

https://inc42.com/buzz/exclusive-dunzo-in-advanced-talks-to-raise-around-100-mn-in-series-g-round/

Dunzo raising new round ? ? If yes, its a big win for a brand

Dunzo raising new round ? ? If yes, its a big win for a brand- Grapevine

Anybody has an idea what's happening with Dunzo's next funding round? What are the chances investors will bet on this? Or will it lead to an acquisition?

Dunzo next funding round?

Found this report by Inc42 on Linkedin.

Hope things get better!

In April 2022, #Dunzo cofounder &amp; CEO Kabeer Biswas said quick commerce is a game of optimisation — but ironically, 18 months later, Dunzo has very little left…

Inc42 Media on LinkedIn: #dunzo

A report on Dunzo's timeline

Product Manager

Dunzo again laid off 150-200 employees amid reports of fresh funding

Fresh layoffs at Dunzo

Marketing Manager

Welcome to Office Gossip's Private Community

- Severe cash crunch 
- The remaining 50% of salary is expected to be paid on 15th July
- Reliance not willing to invest more funds
- Talks ongoing with PhonePe and Paytm for acquisition (Dunzo would support their ONDC backend delivery logistics)

Things not looking good for Dunzo - 50% Salary paid to Managers and above this month

Okay, unrelated but I have heard reliance invests to destroy.
Most of reliance new age investments, major stakes are under extreme cash loss

Consultant

Welcome to News Discussion's Private Community

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes.
- The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments.
- Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas.
- Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24.
- This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. 

 Source: Economic Times

Flipkart Plans 100 Dark Stores Ahead of Big Billion Days Sale

What even is going to be the differentiator? 
  
 Zepto kills it at speed. Blinkit kills it at speed and depth of catalogue. 
  
 Hard to imagine where Flipkart can stand. Especially given Q Commerce can work in only Tier 1 and 2 where these brands have a heavy footing.  
  
 Flipkart does not even have a brand presence anymore in top 5 cities!

Growth Manager

Journalist

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-drop-significantly/

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Project Manager

Is FLIPKART acquiring Dunzo?

Since I am Done-Zo with Dunzo, AMA anything. Here to spill all the scoop that’s happened.

Ex-Dunzo employee. AMA.

What happened to Dunzo after layoff saga and no funding crisis. I've to stop blinding thikning "startup are good places to be" this LinkedIn post saying No form 16 is given. NDA for Legal action.

Dunzo is done? 🍿

Software Developer

- Raise Financial Services, the parent company of trading app Dhan, is in early discussions to raise $100 million, potentially boosting its valuation to $1.5 billion and entering the unicorn club.
- Investment banking firm Avendus has been shortlisted to manage the fundraising, with new and existing investors expected to participate.
- The fresh funds will be used for business expansion, including new services like financing, payments, and insurance, to compete with rivals such as Groww, Zerodha, and Upstox.
- Dhan's founder, Pravin Jadhav, previously led Paytm Money but left on contentious terms; he has since taken jabs at his former employer on social media.
- Despite a competitive market, Dhan has seen significant growth, with a 330% year-over-year increase in its active client base, while competitors like Paytm Money have struggled. 

 Source: Moneycontrol

Unicorn Alert: Dhan in Talks to Raise $100 Million at $1.5 Billion Valuation

What happened to Dunzo

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

Reliance pulls representatives from Dunzo’s board

Not the first nor the last.  Haptik was probably one of the early ones that got arsenic poisoned post Jio acquisition.  Slow slow death.  
  
 Reliance will continue to fiddle around the ecosystem and buy a random set of start ups.  Mukess bhai's fuck-you-money account is a few billions. 250 mil written off makes no difference to his life. 
  
 Start Ups have to learn to get investors on board that have the right intent and roadmap aligned to their vision.  Includes the testicular fortitude to say NO even to Warren Buffet.

Sales Manager

Analyst

I was recently laid off in the 3rd round. AMA

Ex Dunzo AMA

Android Engineer

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

- 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

Mukund Jha, Dunzo co-founder and CTO, in Talks to Raise Rs 80 Crore for New Gen AI Startup

Haven't heard about an acquisition or new fundraise. What is next for Dunzo?

People at Dunzo/who were in Dunzo, what's happening there now?

The Morning Vine 🍇

First, they had a layoff.
Some people in the leadership quit.
Middle management people are quitting.
They shut down majority of the dark stores.
They are pivoting their business.
They are out of runway.

Dunzo raising new round ? ? If yes, its a big win for a brand

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