Dunzo Fires 30% Workforce After Raising $75 Mn

SUMMARY

The retrenchments also come as Dunzo secured $75 Mn through convertible notes

Dunzo founder and CEO Kabeer Biswas told employees in a town hall about the layoffs on Wednesday

Following the layoffs, the quick commerce startup will shut down 50% of its dark stores

Quick commerce unicorn Dunzo went for another round of layoffs within three months as it fired 30% of its employees ahead of a business model shift. Reportedly, the number of impacted employees comes to around 300.

The retrenchments come after Dunzo fired about 3% of its staff in January.

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