Dunzo Valuation: While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the company’s board is yet to clear the proposal.
While a few of the existing investors have committed around $10-15 million in capital at the reduced valuation, the companys board is yet to clear the proposal.
Quick commerce startup Dunzo has experienced several board of directors exits over the past two months, reportedly due to cash-flow issues and pending dues. The exits are said to be temporary, with board members potentially returning after a planned funding round and dues are resolved.
Dunzo Crisis: Quick commerce startup Dunzo has experienced several board of directors exits over the past two months, reportedly due to cash-flow issues and pending dues. The exits are said to be temporary, with board members potentially returning after a planned funding round and dues are resolved.
A day after Dalvir Suri, co-founder of Dunzo, quit the startup, it was reported Mukund Jha, co-founder and chief technology officer, has also left the on-demand delivery startup.