Reliance Retail, which is an investor in Dunzo, is yet to sign off on a much-needed capital infusion in the cash-strapped company. All about this and more, in todays Morning Dispatch.
An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.
Talk about being caught in a downward spiral. Cash-starved Dunzo has sharply scaled down operations to about a fifth from last years peak in a move to save cash, while fresh funds arent forthcoming. This and more in todays ETtech Morning Dispatch.