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.
Next in line are Zepto, and Blinkit
BlinkIt runs on super lean teams. No scope of layoffs.
You salty boy. 😂. Zepto has already mentioned if u they dont expand in new cities, they would be profitable in a year. They are losing money to get market share from blinkit. So good luck.
Isn't dunzo backed by reliance?
Thought they'd have deeper pockets than pushing this into non-existence
Reliance is the major reason they are closing. Reliance when funding had a clause for further raising of funds. They vetoed every time when they tried to raise further. So as founders you need to be vigilant enough about clause you add and type of investors you bring in. Basically Reliance sabotaged Dunzo to buy the tech and other assets dirt cheap
Reliance has done this to many startups i know of. They have a very bad reputation in this. They invest primarily to observe the ecosystem but eventually kill players
Dunzo gonna do layoffs today in all hands around noon. Most of Managers and senior devs will be impacted including couple of DOEs
Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?
Hope they get their severance packages (I mean salary).
