Tuesday, June 6, 2023
HomeBusinessLayoffs: Quick-grocery delivery provider Dunzo lays off 300 employees – report

Layoffs: Quick-grocery delivery provider Dunzo lays off 300 employees – report

Dunzo Layoffs: Homegrown quick-grocery delivery provider Dunzo has laid off at least 30 percent of its workforce, or about 300, after raising $75 million in a new funding round. According to sources, Kabir Biswas, founder and CEO of Dunzo, told the employees about the new round of layoffs in a town hall meeting. Dunzo did not immediately comment.

Dunzo announced layoffs in January

Economic Times first reported about it. Earlier in January, Dunzo fired 3 percent of its workforce amid cost-cutting measures. The company has focused on team structures and network design to create efficiencies in its teams. The Quick Commerce platform will also shut down 50 per cent of its dark stores and will now integrate with supermarkets and other merchants.

Dunzo raised $ 240 million in January 2022

In January 2022, e-commerce player Dunzo raised $240 million to expand its footprint in India. The freshly raised funds were to be used to enable quick delivery of essential commodities from a network of micro warehouses while expanding its ‘B2B’ business vertical to enable logistics for local traders. The investment was led by Reliance Retail Ventures, with participation from existing investors Lightbox, LightRock, 3L Capital and Alteria Capital.

layoffs continue

In the phase of retrenchment of big giants like Amazon, Meta, Google, information is also coming out that the phase of retrenchment in startups is already on from the beginning of this year.


- Advertisment -


Two Wheeler

Digit News