What’s Happening With The Reliance-Dunzo Deal?

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Dunzo's Financial Struggles

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Reliance Retail's Potential Acquisition

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Leadership Changes and Strategy Shift

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Funding Delays and Employee Concerns

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Uncertain Future for Dunzo

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Can Reliance Retail Save Dunzo?

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What’s Happening With The Reliance-Dunzo Deal?

Dunzo's Financial Struggles

Dunzo is facing a severe cash crunch and may be acquired by its largest shareholder, Reliance Retail, at a low valuation.

Reliance Retail's Potential Acquisition

Reliance Retail, which owns over 25% of Dunzo, has been in talks for over a year to support the struggling startup.

Leadership Changes and Strategy Shift

Dunzo has seen the exit of two cofounders and is now shifting back to its original model of hyperlocal deliveries.

Funding Delays and Employee Concerns

CEO Kabeer Biswas has informed employees that funding is close, but there are delays.

Uncertain Future for Dunzo

If the deal doesn't go through, Dunzo could face further insolvency challenges, leaving its future uncertain.

Can Reliance Retail Save Dunzo?