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.
The death knell has been sounded for Dunzo.
On 13 January, the website and app of the Bengaluru-based hyperlocal delivery company ceased to work. And just as rats flee a sinking ship, it would appear that most key stakeholders have also abandoned what was once a high-flying startup. Left in the lurch are hundreds of employees. The cash-strapped startup has liabilities of Rs 400-500 crore to its employees and vendors, says a former employee of Dunzo, who requested anonymity as they are still hoping for a resolution with the company.
The employees are now desperate, and rightly so. Earlier this …
Hiral writes about startups and technology at The Morning Context. Previously, she worked at Inshorts, where she led the business, startup and technology verticals as senior sub editor.
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hiral@mailtmc.com
Delhi