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Office Gossip
Office Gossip
on
SquishyBoba
SquishyBoba
Stealth

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)
20mo ago
ZestyQuokka
ZestyQuokka
Stealth20mo

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

SquishyBoba
SquishyBoba
Stealth20mo

Hmm, 🤔 Dunzo-Reliance was supposed to be a win-win partnership. Dunzo was running the logistics for Jiomart Business under its B2B vertical.

JazzyWaffle
JazzyWaffle
Stealth20mo

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.

JumpyWalrus
JumpyWalrus
Stealth20mo

Yes they are going to fire employees across verticals on 29 July

SleepyBanana
SleepyBanana
Stealth20mo

wow again?

SqueakyMuffin
SqueakyMuffin
Zomato20mo

Source: trust me bro

WobblyNoodle
WobblyNoodle
InMobi20mo

Such hyperlocal business would always have scalability issues in india.

SquishyBoba
SquishyBoba
Stealth20mo

True that. None of them would survive in the long run.

SqueakyMuffin
SqueakyMuffin
Zomato20mo

Eh?

GoofyDonut
GoofyDonut
Stealth20mo

Ah that’s why they’re sending less spam these days

SquishyBoba
SquishyBoba
Stealth20mo

😆 I don't even remember when I switched off notifications completely from these shopping apps

GoofyDonut
GoofyDonut
Stealth20mo

They’re on text, zuccchat and email as well

GigglyLlama
GigglyLlama
InMobi20mo

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.

BouncyDonut
BouncyDonut
Jar App20mo

lol - the so called OG leadership is the reason behind Dunzo’s failing market share from 2017

SleepyBanana
SleepyBanana
Stealth20mo

Haha well said! Politics and paise chaape nothing else from these. OG 😂😂😂

FloatingPotato
FloatingPotato
Jio20mo

Zepto has recently started free delivery for orders above 99 rs, made me suspect of their cashflow as well !!

SquishyBoba
SquishyBoba
Stealth20mo

Unsustainable in simple terms. And they are aiming for an IPO in 2 years.

SqueakyNugget
SqueakyNugget
Jai Kisan20mo

Bhai tel ka paisa hai

CosmicLlama
CosmicLlama
Freelancer20mo

Prople who changed iobs to join this company for money deserve it. What were you thinking?.. its a local courier company. Did you think it will become the google of logistics?

TwirlyJellybean
TwirlyJellybean
Oracle20mo

Bhai itna salty kyon hai?

DizzyTaco
DizzyTaco
Adidas20mo

I don't think this has come in limelight, yet.

As per their careers page, they still have openings.

QuirkyMarshmallow
QuirkyMarshmallow
Stealth20mo

Careers page are never updated unless HR is receiving to many applications

SparklyNugget
SparklyNugget
Angel One20mo

not even 50%. only 75k. rest they will pay idk when

ZestyMuffin
ZestyMuffin
Stealth20mo

Dunzo is still active? I assumed swiggy acquired them last year or something

ZestyMuffin
ZestyMuffin
Stealth20mo

Thats a bummer. Hopefully affected folks can land somewhere else🤞

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Indian Startups
Indian Startups13mo
by TwirlyWaffleProgram Manager

What's happening at Dunzo?

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?

Indian Startups
Indian Startups13mo
by TwirlyWaffleProgram Manager

What's happening at Dunzo?

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?