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It is tough but not impossible to put a respectable end to a failed business. As creditors fight for their dues, Dunzo’s investors and management have a lot to answer for.
Indian startup boards have been repeatedly caught sleeping on the job in the face of irregularities, weak processes and unethical practices. A number of factors—ranging from emotion to self-interest—are to blame.
In their pursuit of a bigger basket size, the quick commerce players took to selling gold coins this festive season. What they did not budget for is that unlike groceries, there is zero room for error when dealing with a high-value item.