Dunzo
Reliance Retail-backed hyperlocal delivery startup Dunzo has come under scrutiny from the National Company Law Tribunal (NCLT) for failing to reach a settlement with its creditors.The͏͏ Bengaluru͏͏ bench͏͏ of͏͏ the͏͏ NCLT͏͏ noted͏͏ today͏͏ (September͏͏ 27)͏͏ that͏͏...
Struggling hyperlocal delivery platform Dunzo has reportedly laid off 150 employees in a new round of cuts, reducing its workforce to just 50 across its supply and marketplace divisions.This comes amid the Bengaluru-based startup's financial woes...
Breaking News
Cash-strapped Dunzo hit with fresh legal trouble as another creditor seeks insolvency
Legal trouble con͏ti͏nues ͏to͏ escalat͏e for ͏cash-strapped hyperlocal delivery startup Dunzo, a͏͏s a cre͏ditor͏͏ has ͏appro͏ach͏ed͏ ͏t͏he B͏e͏ng͏aluru͏ ͏͏B͏͏en͏ch͏ o͏f ͏t͏he N͏atio͏na͏l ͏͏Co͏͏mpa͏ny ͏La͏w...
Malabar Gold files insolvency petition against ecommerce giant Flipkart, NCLT hearing scheduled for August
Malabar Gold, a ͏jewellery retailer, ha͏͏s s͏u͏b͏m͏itte͏d͏ a͏n͏ ͏insolvency petition ag͏ainst͏ ecommerce giant Flipkart at th͏e ͏͏͏Beng͏al͏͏uru ben͏͏ch͏͏͏͏ o͏͏f͏ t͏͏he National Company Law Tribunal...
Is the flour market’s titan losing its sheen? Meet Chakki Peesing, the new contender
According to IMARC analysis, the packaged atta (wheat flour) market size has reached INR 73.9 billion in 2023 and is projected to climb to...
Zomato shares plummet 5% as Macquarie predicts 47% decline ahead
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...
NCLT grants Dunzo two-week extension to settle dues with Betterplace
Offering some respite to the troubled hyperlocal startup Dunzo, the National Company Law Tribunal (NCLT) has reportedly granted the Reliance Retail-backed company a two-week...
Challenges mount for hyperlocal platform Dunzo as key investor Lightbox steps down from board
Lightbox, the key investor of cash-strapped hyperlocal platform Dunzo, has stepped down from its board seat,adding to the challenges faced by the startup as...
Uber steps up hyperlocal deliveries in India to capture growing quick-commerce market share
As the demand for quick commerce grows in India, ride-hailing platform Uber is intensifying its hyperlocal deliveries from neighborhood stores, according to sources familiar...
NCLT warns Dunzo of moratorium over unpaid dues worth INR 4 Cr
The National Company Law Tribunal (NCLT) has warned Dunzo that it may impose a moratorium on the hyperlocal delivery startup if it does not...
Dunzo faces further setback as NCLT accepts insolvency plea filed by Velvin Packaging
Adding to the growing challenges faced by Dunzo, the National Company Law Tribunal (NCLT) has accepted Velvin Packaging Solutions Private Limited's insolvency plea against...
Flipkart explores buyout of cash-strapped Dunzo
Flipkart, a major ecommerce platform backed by Walmart, is reportedly exploring the acquisition of cash-starved hyperlocal delivery startup Dunzo.According to a TechCrunch report, complexities...
Cash-strapped Dunzo promises to settle outstanding payments to former employees by March-end
Google-backed delivery startup, Dunzo, plans to settle outstanding payments to former employees by 30 March. This decision comes after a challenging year marked by...
Dunzo develops long-term strategy to address financial woes and salary commitments, sets payment timeline by January 31
Cash-strapped delivery startup Dunzo communicated to its former employees on Friday evening that it is actively developing a comprehensive, long-term business strategy to address...