Dunzo lays off 75% of the employees, workforce down to 50.
Dunzo, the hyperlocal and quick-commerce startup, has announced a fresh round of layoffs, impacting 150 employees. With a 75 per cent cut in its workforce, Dunzo will have just 50 employees in its core supply and marketplace teams, according to a report.
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I'm not at BlinkIt anymore. It's just the truth anyway. When the tough gets going, it's the baniya businessmen who stand out, not kids swimming in VC cash pools.
we have our eyes on you, zepto
This is the cold hard truth
Next in line are Zepto, and Blinkit
BlinkIt runs on super lean teams. No scope of layoffs.
You salty boy. 😂. Zepto has already mentioned if u they dont expand in new cities, they would be profitable in a year. They are losing money to get market share from blinkit. So good luck.
Isn't dunzo backed by reliance?
Thought they'd have deeper pockets than pushing this into non-existence
Reliance is the major reason they are closing. Reliance when funding had a clause for further raising of funds. They vetoed every time when they tried to raise further. So as founders you need to be vigilant enough about clause you add and type of investors you bring in. Basically Reliance sabotaged Dunzo to buy the tech and other assets dirt cheap
Reliance has done this to many startups i know of. They have a very bad reputation in this. They invest primarily to observe the ecosystem but eventually kill players
I’m more surprised that Dunzo is still running.
I remember ordering from them in 2021 but the order never got delivered to me, had to debate with the CS for a refund. Never ordered again & never heard of them again.
Dunzo has got a bad case of ambaniosis
Corporate Gabbar : Arey O Kalia, Kitne aadmi thei?
Corporate Kalia : 150 huzoor
Corporate Gabbar : Ab Kitne hai?
Corporate Kalia : Sirf 50 huzoor
** Corporate Gabbar hugs Corporate Kalia and promotes him for cutting costs and increasing the runway **
Dunzo is finished , and also don’t giving employees money
It would be acquired fully diluted at a dirt cheap price. Dunzo is so much done.