Now another Indian startup company has resorted to layoffs to reduce costs. Google-backed delivery platform Dunzo has fired 3 percent of its employees. However, the company has not given this information about the total number of employees who have been fired.
According to the information available on LinkedIn, Dunzo had a total of 3000 employees working. The company has fired 3 percent of its employees, which means that about 90 employees have been retrenched. The company's co-founder and CEO Kabir Biswas said that we have reached 10 to 100. But after reaching this scale, we are trying to learn how to redefine the business process. Any decision that affects people is difficult and is always the last option. Last week we had to part ways with 3% of our team.
He said that whatever the number may be, these people had decided to make their career with Dunzo. We are sad that we had to leave behind so many talented people. We are trying our best to help them during this transition. Dunzo raised $ 240 million in funding in January 2022 last year under the leadership of Reliance Retail. Lightbox and Light rock have invested at a valuation of $800 million. Now the company is preparing to raise $ 250 to 300 million to execute its expansion plan and to fund the quick commerce business. In 2021-22, the company's operating revenue increased from Rs 25.1 crore to Rs 54.3 crore, while the company's loss increased from Rs 229 crore to Rs 464 crore during this period.
In the last few months, startup companies in the country have shown the way to 17,000 people. Apart from Dunzo, another Google-backed company ShareChat has fired 20 percent of people. Apart from this, food delivery companies including many edtech companies have laid off their employees in recent times.
Jaat Collection: Will Sunny Deol's Jaat spoil Sikandar's calculations? Huge earnings in booking 1 day before release
Bollywood actor Sunny Deol is currently in the limelight for his upcoming film 'Jaat'. This film is going to hit the theatres on 10th April. On one hand, Salman Khan's 'Sikander' is making fluctuating
Tiger 3 BO Collection Day 2: On the first Monday, Tiger's echoing roar, Tara Singh, Pathan, and Jawan left everyone behind.
Yash Raj Films' new film 'Tiger 3', according to the initial trends on the second day of its release i.e. first Monday, has left behind the first Monday collection of all the three blockbuster films
American-Russian Foreign Ministers meeting, Blinken said – America will not back down from supporting Ukraine
US Secretary of State Antony Blinken had a brief meeting with Russian Foreign Minister Sergei Lavrov in New Delhi on Thursday. During this first meeting between the foreign ministers of these two
WHO On Coldrif Syrup: A Warning was issued regarding three cough syrups of India, among them Coldrif also became the alleged cause of death of children in MP.
The World Health Organization (WHO) has issued a health advisory regarding three brands of poisonous cough syrups banned in several states in India. The organization urged officials to inform the
Today is International Moon Day 2023, Buzz Aldrin's first steps on the moon with Neil Armstrong
Today, on July 20, International Moon Day is being observed globally. International Moon Day is celebrated every year on this date to commemorate the first human step on the Moon, the one-month
China-India Ties: 'One-sided dominance and coercion', China said to India amidst Trump's tariff war; cornered America
Five years have passed since the clash between the armies of India and China in the Galwan Valley, and now both countries are trying to bring the relations back on track. This development is happening
Mother enraged by shoe-throwing attack on CJI Gavai, sister says future generations won't forgive us.
The shoe-throwing incident at Chief Justice of India (CJI) B.R. Gavai has been a topic of constant discussion. Both the ruling party and the opposition have condemned the attack. CJI Gavai's family
Udaipur Files: Delhi High Court refuses to ban 'Udaipur Files', film will be released today
The film 'Udaipur Files' has been in controversy since the beginning. This film was to be released on 11 July. But some religious organizations went to court against it. Due to the matter being in
COVID-19: Be careful even if there is an infection with mild symptoms, this health problem is seen in 77% of people
The threat of coronainfection has continued worldwide for more than four years. So far, more than 70.28 crore people have been affected by the infection, and 69.80 lakh people have died due to the
'Babita ji' reacted for the first time on the rumours of leaving TMKOC, shared the video, and told the truth
It has been 17 years since Taarak Mehta Ka Ooltah Chashmah, but even today this comedy show is number one in the TRP charts. The craze of the show is still not over. Many actors have said goodbye to
