Friday, November 8, 2024

Kabeer Biswas

Challenges mount for hyperlocal platform Dunzo as key investor Lightbox steps down from board

News
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 it grapples with financial difficulties. With an 11.1% stake, Lightbox stands as the...

NCLT warns Dunzo of moratorium over unpaid dues worth INR 4 Cr

News
The National Company Law Tribunal (NCLT) has warned Dunzo that it may impose a moratorium on the hyperlocal delivery startup if it does not promptly address a notice regarding unpaid dues worth INR 4 Cr. Earlier, Betterplace...

Dunzo faces further setback as NCLT accepts insolvency plea filed by Velvin Packaging

News
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

News
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...

Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension

News
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...

Online grocery market in India takes a hit as consumer preferences shift to local markets

News
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...

Dunzo’s leadership exodus continues: Co-Founder Mukund Jha steps down

News
Dunzo, the Indian quick commerce startup, continues to grapple with challenges. Just one day after the company officially announced the departure of Co-Founder Dalvir...

Dunzo Co-Founder Dalvir Suri announces departure after six years of service

News
Dalvir Suri, one of the Co-Founders of Dunzo, is preparing to step down from his role after dedicating more than six years to the...

Dunzo to lay off 150-200 employees despite fresh $35 Million funding: Reports

News
The homegrown quick-grocery delivery provider, Dunzo, is poised to raise $35 million in funding from existing supporters like Reliance Industries and Google, along with...

Struggling Dunzo defers overdue salaries again, hints at further layoffs

News
Troubled quick commerce startup Dunzo has once more delayed the payment of overdue salaries for June and July, assuring employees that their wages will...

Dunzo’s salary saga continues: August payouts now expected next week

News
Cash-strapped quick-commerce startup Dunzo has once again postponed the disbursement of August salaries to several employees, despite their prior commitment to settle them by...

Dunzo seeks USD 20 Million in funding from Reliance Retail amid cash flow challenges

News
Dunzo, the quick commerce startup, is currently seeking at least USD 20 million (about INR 165 crore) in additional funding from its largest shareholder,...

Reliance-backed Dunzo eyes $50 Million in new funding round

News
Dunzo is a rapidly growing hyperlocal delivery startup based in Bengaluru, India. The company has been seeking to raise capital for several months and...

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