Dunzo, a delivery platform sponsored by Google, has laid off 3% of its personnel, citing reorganization, joining the long list of Indian businesses that have reduced headcount to reduce costs.
“As we grow from ten to one hundred employees, we are learning how to reinvent business procedures at scale. Any decision affecting individuals is difficult and always our last resort. We had to let go of 3% of our workforce last week,” said Kabeer Biswas, co-founder and chief executive officer (CEO) of Dunzo.
According to statistics available on LinkedIn, Dunzo has 3,000 employees, which suggests that approximately 90 employees have been let go. The corporation did not reveal the number of laid-off employees.
“Regardless of the figures, these are individuals who decided to establish their careers with Dunzo, and it is unfortunate to lose great employees. “We are providing them with the finest possible assistance during this transition,” Biswas said.
In January 2022, Dunzo raised $240 million in a fundraising round led by Reliance Retail Ventures Ltd., in which Lightbox and Lightrock also participated, at a “conservative” post-money valuation of $800 million. It was seeking an additional $250 million to $300 million to fuel its expansion aspirations and rapid commerce operations.
In FY22, the company’s loss increased to 464 crore rupees from 229 crore rupees in FY21. The operating revenue has increased from 25.1 crore in FY21 to 54.3 crore in FY22.
“Regardless of the figures, these are individuals who decided to establish their careers with Dunzo, and it is unfortunate to lose great employees. “We are providing them with the finest possible assistance during this transition,” Biswas said.
In January 2022, Dunzo raised $240 million in a fundraising round led by Reliance Retail Ventures Ltd., in which Lightbox and Lightrock also participated, at a “conservative” post-money valuation of $800 million. It was seeking an additional $250 million to $300 million to fuel its expansion aspirations and rapid commerce operations.
In FY22, the company’s loss increased to 464 crore rupees from 229 crore rupees in FY21. The operating revenue has increased from 25.1 crore in FY21 to 54.3 crore in FY22.
“Regardless of the figures, these are individuals who decided to establish their careers with Dunzo, and it is unfortunate to lose great employees. “We are providing them with the finest possible assistance during this transition,” Biswas said.
In January 2022, Dunzo raised $240 million in a fundraising round led by Reliance Retail Ventures Ltd., in which Lightbox and Lightrock also participated, at a “conservative” post-money valuation of $800 million. It was seeking an additional $250 million to $300 million to fuel its expansion aspirations and rapid commerce operations.
In FY22, the company’s loss increased to 464 crore rupees from 229 crore rupees in FY21. The operating revenue has increased from 25.1 crore in FY21 to 54.3 crore in FY22.
