Dunzo
Unable to raise funds, Dunzo again delays salary payments to October
The startup had previously committed to make payments on September 4, from the earlier July 20.
Unable to pay salaries, Dunzo in 'talks' to raise up to $100 mn
Bengaluru-based hyperlocal delivery startup Dunzo is in talks to raise funds from its existing investors, including Lightbox and Lightrock, reports leading startup coverage portal Inc42.
Dunzo faces legal notices by FB, Nilenso over unpaid dues of Rs 4 crore
According to Moneycontrol, citing sources, Dunzo has made partial payments to Facebook but still owes the tech giant approximately Rs 1.5 crore. It had used Facebook's advertising services but had not paid the full amount. Google, Dunzo's second-largest backer, has recently served a legal notice to the startup, demanding the settlement of unpaid dues.
Quick commerce platform Dunzo won’t pay employees till early September
The company has also delayed the August salary for senior employees to September 4 as well, it said in an email seen by TechCrunch. The delay comes as the startup focuses on “streamlining our cash flow so we can build a more sustainable business for the future”.
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