Fast commerce platform Dunzo lays off 30% of its workforce
In response to sources, Kabeer Biswas, Dunzo Founder and CEO, informed workers in a town-hall assembly in regards to the newest spherical of
When reached, Dunzo didn’t instantly remark.
The Financial Instances was first to report in regards to the growth. In January, Dunzo had laid off 3 per cent of its workforce amid cost-cutting measures, as the corporate checked out crew buildings and community design to construct effectivity into its groups.
The short commerce platform will even shut down 50 per cent of its darkish shops, and can now be a part of supermarkets and different retailers.
The freshly-raised funds had been for use in enabling instantaneous supply of necessities from a community of micro warehouses whereas additionally increasing its ‘B2B’ enterprise vertical to allow logistics for the native retailers.
The funding was led by Reliance Retail Ventures, with participation from present buyers Lightbox, Lightrock, 3L Capital and Alteria Capital.