A cash crunch soon after a fundraise and the waning interest of its principal backer indicate that the delivery startup may be running out of options. Separately, Byju’s taps Rajnish Kumar and Mohandas Pai for advisory council.
Dunzo seems to once again be in the throes of a cash crunch. This week, news came that the hyperlocal delivery startup has deferred salaries of some employees for the month of June. It capped organization-wide salaries at Rs 75,000 and has assured that the rest will be paid by 15 July. Throughout the week, there have been multiple stories on the quantum of unpaid salaries as well as employees affected, but the startup has stayed quiet.
Hiccups at the Bengaluru-based Dunzo are nothing new. This year alone, the startup has laid off people, seen a funding crunch, dealt with …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Mumbai
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
Editor, Newsletters
pradip@mailtmc.com
Delhi