BabySharkDoDoDo

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

BabySharkDoDoDo · 2023-07-10T00:00:39.732039+05:30

- 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)

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)

16mo ago

BiryaniEnthu

Stealth16mo

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

BabySharkDoDoDo

Stealth16mo

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

Cafeinatedpragmatist

Stealth16mo

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.

Nobitaa

Self Employed16mo

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

EarthDragon

Stealth16mo

wow again?

DiwaliBonus

Zomato16mo

Source: trust me bro

Kafkaa

InMobi16mo

Such hyperlocal business would always have scalability issues in india.

BabySharkDoDoDo

Stealth16mo

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

DiwaliBonus

Zomato16mo

Eh?

potatomato

Fintech Startup16mo

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

BabySharkDoDoDo

Stealth16mo

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

potatomato

Fintech Startup16mo

They’re on text, zuccchat and email as well

Manjeet

InMobi16mo

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.