Dunzo Co-Founder Dalvir Suri announces resignation
This unexpected departure comes at a time when Dunzo is reportedly facing financial difficulties.
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Dunzo struggles to raise capital, delays salary payments
The startup was earlier scheduled to make payments on September 4, which was already an extension from its initial deadline of July 20. In an email sent to employees on August 30, Dunzo apologized for the delay
Facebook & Nilenso serve Dunzo with legal notices for outstanding debts of Rs. 4 crore
Facebook still owes Dunzo roughly Rs 1.5 crore despite the fact that he has made partial payments to the tech giant. Dunzo used Facebook's advertising tools, but he didn't pay the whole cost.
Dunzo defers salary payments of its employees again: Details
As per the letter, team members who were expecting balance payouts of June salary during this week will have to wait till September as the situation is uncertain for the Reliance Industries backed company.
Google-backed Dunzo defers June salaries for 500 employees
Dunzo has over 1,000 employees in total and the latest decision to defer salaries will impact about 500 of them. The move also indicates that there could be more layoffs in the pipeline.
Swiggy’s FY21 growth declines by 27% as lockdowns narrow demand
Swiggy has observed a plunge in its revenue as the firm noted net operating revenue of Rs 2,547 crore for the financial year ended March 31, 2021.
Stock Market update: Reliance Industries shares up by 1% after raising $4 billion in bonds
The company will use the proceeds to refinance its existing debt and will repay the entire amount by 2032 and 2062.