.Rep ImageReliance Retail-backed Dunzo has given up 75% of its own staff, records Financial Express. Presenting unknown sources knowledgeable about the concern, the file claimed that the on-line delivery app now possesses 50 workers in its own primary source as well as marketplace staffs. The task decreases, depending on to the record, is part of a more comprehensive effort to suppress prices and generate cash flow to attend to installing liabilities, consisting of overdue incomes to present and also previous employees and also superior seller payments.Layoffs.fyi - the on-line tracker reveal that the task reduces were actually made on August 31, 2024. Dunzo sends out email to staff members Based on the record, Dunzo has actually sent out an e-mail to its staff members notifying all of them regarding the latest downsizing. In the letter, Dunzo debenture pending compensations, severance, leave encashment, and also various other dues to impacted workers as soon as it protects the necessary funds.Dunzo, which started as an attendant solution, has actually undergone several changes and difficulties. The business, the moment covered up at $775 thousand, has actually been having a hard time to shut an important backing round. In Might this year, Dunzo was reportedly near securing $22-25 million with a mix of equity and also debt coming from both new as well as existing investors.In mid-July this year, the firm updated its employees that it remained in the final stages of closing a bargain, expecting to work out dues within 10-15 days. Having said that, the transaction failed to emerge with subsequent e-mails exposing persistent delays and also problems. The business is right now finding to expand its income resources beyond its own primary merchant-focused procedures.
Posted On Sep 2, 2024 at 01:35 PM IST.
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