FuzzyMarshmallow
FuzzyMarshmallow

Dunzo next funding round?

Anybody has an idea what's happening with Dunzo's next funding round? What are the chances investors will bet on this? Or will it lead to an acquisition?

21mo ago
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9 min AI interview5 questions
Round 1 by Grapevine
FluffyDumpling
FluffyDumpling
Zepto21mo

Read a thread somewhere on Twitter, not sure how reliable but it said something along the lines that Reliance has little over 25% stake in Dunzo & Dunzo cannot raise more money without a cheque from Reliance or permission to issue more shares and raise money. Jiomart/RIL is among the top corp customers of Dunzo, so Reliance might try to squeeze and acquire Dunzo for pennies

TwirlyWaffle
TwirlyWaffle
PayTM21mo

From what I heard, while for Dunzo, Reliance is a big client but for Reliance - Dunzo does very insignificant volumes hence they may not really cut a cheque.

SnoozyPanda
SnoozyPanda

Only Dunzo baba knows

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Curated from across
Layoffs
by TwirlyMuffinStrategy & Operations

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, accor...

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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 st...

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Next in line are Zepto, and Blinkit