Walmart is reportedly considering Kabeer Biswas, the CEO and co-founder of Dunzo, for a leadership position at Flipkart’s quick-commerce division, Flipkart Minutes. This development follows concerns raised by former Dunzo employees, who sent a letter to Walmart CEO Doug McMillon and Flipkart CEO Kalyan Krishnamurthy, among others, according to a report by The Morning Context. The letter allegedly questions Biswas’ background, specifically regarding past legal issues.
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Biswas, who co-founded the hyperlocal delivery platform Dunzo in 2014, recently transitioned to Flipkart to lead its newly established quick-commerce unit, Flipkart Minutes. His move comes amid ongoing struggles at Dunzo, which has faced significant financial challenges and operational scaling issues over the past year.
Dunzo, once a rising star in the grocery delivery space, has been plagued by high cash burn rates and difficulty in securing additional funding, leading to substantial layoffs. The company’s financial troubles have been compounded by legal and financial disputes, including complaints from former employees regarding unpaid dues. In addition, Dunzo’s creditors have taken the company to the National Company Law Tribunal (NCLT) over unsettled debts.
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Despite raising over $450 million in funding, including a $200 million investment from Reliance Retail in early 2022, Dunzo has been unable to regain its footing. The partnership with Reliance was expected to strengthen the startup’s position in the competitive quick-commerce market, but it has failed to deliver significant returns. Recently, there have been reports that Dunzo has been actively seeking a buyer, but its future remains uncertain.
