Friday, November 8, 2024

Mukund Jha

NCLT grants Dunzo two-week extension to settle dues with Betterplace

News
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 period to settle its pending dues with vendor Betterplace Safety Solutions. The latest...

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...

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...

Dunzo reports INR 1,800 Crore loss in FY23, while operational revenue soars to INR 226 Crore

News
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...

Dunzo’s head of finance steps down as cash crunch grips the startup

News
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...

Employees left in limbo as Dunzo postpones salary payments once more

News
Cash-strapped hyperlocal delivery startup Dunzo has allegedly postponed the disbursement of overdue salaries to its employees for an additional four months. According to Moneycontrol, Dunzo...

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’s financial woes continue: Third round of layoffs to impact 20% of workforce

News
According to reports, Dunzo, the quick commerce startup, is anticipated to undergo another round of layoffs this week. Insiders familiar with the matter informed Moneycontrol...

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