Dunzo
Dunzo, the struggling hyperlocal delivery startup, is currently facing a major issue, with both its app and website down. The website is displaying an error message, “{“error”:”Something went wrong.”},” while the app is showing, “Something doesn’t...
Reliance Retail, the largest stakeholder in the struggling hyperlocal startup Dunzo, has reportedly written off its $200 million investment in the company, according to multiple sources familiar with the matter. Despite once being heavily invested in Dunzo,...
Dunzo’s Final Delivery: A Debt-Driven Search for a Saviour
Hyperlocal delivery platform Dunzo is reportedly exploring a potential sale to address its mounting financial challenges. The company has reached out to major players...
Dunzo’s Loss, Flipkart’s Gain: Biswas Joins the Quick Commerce Battle
Kabeer Biswas, the co-founder of Dunzo, is stepping into a new chapter as he joins Flipkart Minutes, the quick commerce division of Walmart-owned Flipkart,...
Is Kabeer Biswas About to Bid Farewell to Dunzo? Talks of Exit Amid Ongoing Challenges
Kabeer Biswas, the CEO and last cofounder of Dunzo, is reportedly considering leaving the company, according to a report by The Economic Times. Talks regarding...
NCLT slams Dunzo for lack of progress in settling creditor disputes
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...
Dunzo lays off 150 employees as financial struggles continue
Struggling hyperlocal delivery platform Dunzo has reportedly laid off 150 employees in a new round of cuts, reducing its workforce to just 50 across...
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...