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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)
17mo ago
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ZestyQuokka
ZestyQuokka
Stealth17mo

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
Stealth17mo

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
Stealth17mo

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
Stealth17mo

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

SleepyBanana
SleepyBanana
Stealth17mo

wow again?

SqueakyMuffin
SqueakyMuffin
Zomato17mo

Source: trust me bro

WobblyNoodle
WobblyNoodle
InMobi17mo

Such hyperlocal business would always have scalability issues in india.

SquishyBoba
SquishyBoba
Stealth17mo

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

SqueakyMuffin
SqueakyMuffin
Zomato17mo

Eh?

GoofyDonut
GoofyDonut
Stealth17mo

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

SquishyBoba
SquishyBoba
Stealth17mo

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

GoofyDonut
GoofyDonut
Stealth17mo

They’re on text, zuccchat and email as well

GigglyLlama
GigglyLlama
InMobi17mo

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
Stealth17mo

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

SleepyBanana
SleepyBanana
Stealth17mo

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

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Indian Startups
Indian Startups10mo

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?