Wednesday, April 24, 2024
Outlook.com
Outlook India
Outlook Business

Dunzo

A few months back, the company emailed its employees explaining that the delay in salary payments was a strategic move to streamline cash flow

Google workspace is priced at about Rs 1,600 per user each month under the enterprise plan, while Zoho charges a portion of that at Rs 489 for similar offerings

$200 million is a fourth of its peak value of $800 million valuation

In an email to employees, the quick-commerce start-up assured staffers that August 2023 salaries would be paid within the week and apologised for the delay

The quick commerce start-up joined the ONDC network a year ago and expanded its business as a logistics aggregator

The company, however, refused to comment on the layoffs

Fired about 400 employees in the first half of this year as part of cost-cutting measures.

The company joined the ONDC platform about a year ago and, currently, claims to be serving 60-70 per of the total order received on the platform for the last mile delivery, besides orders received on Dunzo for delivery of groceries and some other merchants

This year, Dunzo aims to train over 100 women. In the long term, this will become an essential training available to all its partners as part of their onboarding sessions

Soptle will utilise the fund to fuel the expansion of its retailer-network reach and manufacturing partner footprint across India