Dunzo
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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...
Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension
Walmart-backed PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter...
Awaiting investor funds, Dunzo yet to disburse November salaries
Dunzo, the hyperlocal delivery platform grappling with a significant financial downturn, has allegedly been unable to disburse salaries to its employees for the month...
Online grocery market in India takes a hit as consumer preferences shift to local markets
The online grocery market in India, propelled by quick-commerce platforms and experiencing a surge since the COVID-induced lockdown in 2020, is now showing signs...
Deloitte raises doubt on Dunzo’s ability to continue as ‘going concern’
Deloitte, a leading consulting firm that conducted a financial audit for Dunzo, a cash-strapped startup in FY23, has stated that the company's viability as...
Dunzo reports INR 1,800 Crore loss in FY23, while operational revenue soars to INR 226 Crore
The struggling quick-commerce firm Dunzo witnessed a substantial increase in its losses, which soared to INR 1,801.8 crore in FY23. Despite this, its operational...
Foodtech giant Zomato diversifies into logistics with new Xtreme app
In an effort to expand its business diversification, Zomato, a prominent player in the foodtech industry, has entered the logistics sector by introducing a...
Dunzo’s head of finance steps down as cash crunch grips the startup
In another major shakeup within the troubled Dunzo, Sudharshan N, the head of finance, has parted ways with the quick commerce startup.Sudharshan's LinkedIn profile...