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Dunzo, a well-known name in the hyperlocal delivery sector, has recently witnessed a significant development. Sudarshan N, the Head of Finance at Dunzo, has departed the company, leaving it at a crucial juncture. This comes as Dunzo is in the midst of a fundraising effort and grappling with cashflow issues. ....
In fact, in one of the townhall meetings, Mukund Jha, co-founder and chief technology officer of Dunzo, admitted that not hiring a chief financial officer earlier was a big mistake. ....
The winds of change blowing through the Indian credit industry might blow some off their perch. Mukesh Ambanis Reliance Industries is targeting the digital lending sector for its next disruption with a separate entity named Jio Financial Services. This and more in todays ETtech Morning Dispatch. ....
Quick commerce player Dunzo is set to undertake another round of layoffs amid a funds crunch, co-founder and CTO Mukund Jha told employees in an all-hands meeting on Wednesday evening. ....
The people said that while the cash-strapped company on Wednesday morning informed employees about the delay in salary payment, Chief Executive Kabeer Biswas was in Mumbai meeting its existing investors to secure funds. Dunzo's head of product, Akansha Kumari, who has been working with the company for nearly four years, is leaving the company, as the cost-cutting measures deepen., Companies News, Times Now ....