HomeStartupCash-Strapped Dunzo Fails To Pay November Salaries

Cash-Strapped Dunzo Fails To Pay November Salaries

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Cash-Strapped Dunzo Fails To Pay November Salaries
  1. Dunzo, a hyperlocal delivery platform, has encountered financial difficulties and reportedly failed to pay its employees’ salaries for November.
  2. The troubled startup communicated to its employees that it’s expecting the first tranche of capital from investors. This infusion is intended to help manage employee salaries for a couple of months until the closure of a funding round expected in January.
  3. Facing financial strain, Dunzo has already undergone significant downsizing, with over 30% of its workforce laid off. Additionally, the company has experienced managerial-level departures amid its ongoing financial crisis.
  4. Dunzo is backed by Reliance Retail. Despite this support, the company is navigating a challenging financial period, resulting in delays in salary payments and workforce reductions.
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