Things not looking good for Dunzo - 50% Salary paid to Managers and above this month
- 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)
Coy Lee
Stealth
a year ago
Okay, unrelated but I have heard reliance invests to destroy.
Most of reliance new age investments, major stakes are under extreme cash loss
Jordon Vernon
Stealth
a year ago
Hmm, 🤔 Dunzo-Reliance was supposed to be a win-win partnership. Dunzo was running the logistics for Jiomart Business under its B2B vertical.
Kalan Hyrum
Stealth
a year ago
Nah, doesn't work that way. Most startups run under cash losses, why would it be different for the ones they acquired.
I'll admit that they buy at very depressed valuations but I'm guessing that's because they probably do it for the tech rather than to run a standalone business.
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Kalan Nadeen
Stealth
a year ago
wow again?
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Matilda Nadeen
Stealth
a year ago
True that. None of them would survive in the long run.
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Isaiah Vernon
Stealth
a year ago
😆 I don't even remember when I switched off notifications completely from these shopping apps
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They have lost their way ever since their OG leadership left in late 2021. Kaustabh, Anirban, Kartik, Brijesh. The new leadership burnt through 250M in 12 months.
Jordon Gabriel
Stealth
a year ago
lol - the so called OG leadership is the reason behind Dunzo’s failing market share from 2017
Blair Lee
Stealth
a year ago
Haha well said! Politics and paise chaape nothing else from these. OG 😂😂😂
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