Dunzo, backed by Reliance and Google, delays employee salaries again

Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and plans a new wave of layoff as the Google and Reliance Retail-backed startup pares its expenses amid aggressive hunt for new funding. The Bengaluru-headquartered startup, which partially deferred making payroll for last month until this week, said Wednesday that it […]

Jul 19, 2023

Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and intends to settle remaining dues from the previous month also in September as the Google and Reliance Retail-backed startup hunts for new funding. The Bengaluru-headquartered startup, which partially deferred making payroll for last month until this week, said Wednesday that […]

Jul 19, 2023

The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. Reliance Retail and Google, two existing backers of Dunzo, are among those […]

Mar 30, 2023

Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-largest such compensation in the Indian startup ecosystem. The Walmart-backed Bengaluru-headquartered startup is compensating employees for the separation of fintech PhonePe from the e-commerce group, a move that devalued Flipkart’s shares. The two firms completed a full ownership separation late last […]

Jul 14, 2023