The jewellery firm founder’s successful exit shines a light on the Tamil Nadu capital’s startup track record; separately, Reliance may be getting ready to decide on Dunzo.
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Importing products and branding them is the go-to option for most luggage brands in India. That may be about to change.
Sridhar Vembu steps down as CEO of the software company and makes some other key changes at the top.
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.