Flipkart In Talks To Acquire Cash-Strapped Dunzo

Flipkart In Talks To Acquire Cash-Strapped Dunzo

SUMMARY

Complexities around Reliance-backed Dunzo’s ownership structure has made it difficult for both parties to reach a deal

While the talks between Flipkart and Dunzo are ongoing, the ecommerce giant is sceptical about what all it will be able to take over through the acquisition

Dunzo has been struggling due to a cash crunch for almost a year, which has resulted in layoffs and delays in salary payments

Walmart-backed ecommerce major Flipkart is reportedly exploring acquiring cash-starved hyperlocal delivery startup Dunzo.

As per a TechCrunch report, complexities around Reliance-backed Dunzo’s ownership structure has made it difficult for both parties to reach a deal.

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