- Dunzo, a hyperlocal delivery platform, has encountered financial difficulties and reportedly failed to pay its employees’ salaries for November.
- 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.
- 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.
- 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.