While executives in the industry said that the public demand for quick commerce had been established, especially in urban and high-population-density areas, the key task in 2024 would be to improve profitability and experiment with various categories as well as sale events.
Quick Commerce 2023: While executives in the industry said that the public demand for quick commerce had been established, especially in urban and high-population-density areas, the key task in 2024 would be to improve profitability and experiment with various categories as well as sale events.
The startup may also vacate its office in Bengaluru to cut costs, according to its co-founder and CEO, Kabeer Biswas. Biswas reportedly told employees that their pending payouts for June and July will now be cleared in November. Dunzo earlier delayed salaries to the first week of October after being unable to raise funds. Dunzo Layoffs Continue: Quick-Grocery Delivery Provider Laying Off 150-200 More Employees Amid Reports of Fresh Funding.
Dunzo Funding: To secure the much-needed cash, Dunzo has also proposed to halve its monthly burn rate to $300,000 and trim its headcount to just around 200, the people said. Until September, the company had a monthly burn of about $600,000 after at least three rounds of job cuts and scaling its business down in the past few months owing to a severe cash crunch.