How A WhatsApp Group Which Turned Into A Rs 6,400-Crore Company Is In Crisis Now
1 year ago

How A WhatsApp Group Which Turned Into A Rs 6,400-Crore Company Is In Crisis Now

News 18  

An idea has the power to change lives. Kabeer Biswas stands as a living example of this adage, having initiated his local delivery venture from a modest WhatsApp group and amassed a net worth of nearly $775 million at a point of time. Gaining all these experiences, Kabeer founded Dunzo, his local delivery setup, in January 2015, initially beginning from a small WhatsApp group. Dunzo’s Financial Mess Amid the funding crunch across startups, Dunzo also faced cash crunch and resorted to three rounds of layoffs, deferred and reduced salaries to save costs. In the latest development, Dunzo has failed to pay salaries for the month of November to its current employees, further revealing the company’s ongoing financial difficulties.

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History of this topic

Google-backed Dunzo fires 3% of workforce
1 year, 11 months ago

Google-backed Dunzo fires 3% of workforce

Live Mint  

NEW DELHI: Joining the long list of Indian startups that have been trimming their headcount to cut costs, Google-backed delivery platform Dunzo has laid off 3% of its workforce citing restructuring. Last week, we had to part ways with 3% of our team strength,” said Kabeer Biswas, co-founder and chief executive officer, Dunzo. Dunzo had last raised $240 million in …

Google Backs Indian Courier Startup Dunzo in $40 Million Fundraising
3 years, 11 months ago

Google Backs Indian Courier Startup Dunzo in $40 Million Fundraising

News 18  

Indian hyperlocal courier startup Dunzo has raised $40 million from existing investor Google and others, it said on Tuesday, after seeing a surge in usage during the COVID-19 pandemic. As many Indians stayed indoors for much of 2020 because of the health crisis, Dunzo and food-delivery apps Zomato and Swiggy recorded a fresh surge in popularity. “As cities reopen, continues …

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