CosmicTaco

Reliance Writes Off $200 Mn Dunzo Investment

CosmicTaco · 2025-01-06T10:45:16.793283+05:30

- Reliance Retail has written off its $200 Mn investment in Dunzo, amidst the startup's financial struggles and strategic pivot. - Dunzo CEO Kabeer Biswas is in talks with high net worth individuals for a potential acquisition valued between $25 Mn-$30 Mn. - Despite ongoing operations in Bengaluru, Dunzo has scaled back in other cities and faces significant debts and leadership exits. Source: [Inc42](https://inc42.com/buzz/reliance-retail-dunzo-write-off-kabeer-biswas/)

Reliance Retail has written off its $200 Mn investment in Dunzo, amidst the startup's financial struggles and strategic pivot.
Dunzo CEO Kabeer Biswas is in talks with high net worth individuals for a potential acquisition valued between $25 Mn-$30 Mn.
Despite ongoing operations in Bengaluru, Dunzo has scaled back in other cities and faces significant debts and leadership exits.

Source: Inc42