Dunzo Fails To Pay Salaries 'Again' Dunzo has delayed their employee's salaries multiple times this year. It has posted a loss of INR 1,800 crore in FY23, a 288 per cent increase from the previous year.

By Kavya Pillai

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

YouTube

Google, Reliance Retail backed cash strapped quick-grocery delivery provider Dunzo has once again failed to pay salaries and this time to current employees, As per a report by Moneycontrol, Dunzo employees have not received their November salaries despite the company partnering with revenue financing firm OneTap. Earlier this week, the company told employees that it had got assurance from their investor that expected funds would be wired to them by early next week and assured workers that they should be able to release the November salaries as soon as they receive it, according to news reports.

"With this infusion, we should be able to manage salaries for the next couple of months till we close out the round of equity in January," the company was quoted as saying. "As this (the fresh funding) is based on external factors, we would recommend members to plan for a worst-case timeline of December 15, 2023. We will continue to put our best efforts to find other alternatives as well. Regret the delay and request your continued support," it added.

Dunzo has delayed their employee's salaries multiple times this year. It has posted a loss of INR 1,800 crore in FY23, a 288 per cent increase from the previous year. The company has also been hit by the departure of several top-level executives, including co-founders and its finance head.

Founded by Kabeer Biswas, Ankur Agarwal, Dalvir Suri and Mukund Jha in 2014, the startup raised several rounds of funding and got interest from giants like Google and Lightbox. Reliance Retail bought around 25% stake in Dunzo in January last year by investing almost INR 1641 crore. Google is also a key investor in Dunzo.

Kavya Pillai

Former Correspondent

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Capgemini to Acquire WNS for $3.3 Billion to Scale Agentic AI Business

The acquisition is expected to help Capgemini combine the capabilities and scale of both the companies to address the strategic opportunity driven by Agentic AI

News and Trends

Centre Plans INR 2,000 Crore Incentive Scheme to Boost Domestic Drone Manufacturing

The new incentive programme is seen as an attempt to not only strengthen national security but also foster a robust domestic industry capable of serving both civilian and defence sectors.

News and Trends

Khetika Secures $18M in Series B Led by Narotam Sekhsaria Family Office and Anicut Capital

The equity round also saw continued support from existing backers, including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums, as per an official statement.

News and Trends

Musician Badshah Launches 'Badboy Pizza'; Targets 50 Outlets & ₹150 Cr ARR in Three Years

The brand is being launched in strategic collaboration with Ghost Kitchens India, one of India's largest cloud kitchen-led F&B companies, operated by entrepreneur Karan Tanna.

Science & Technology

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Still stuck on what biz to start? Use AI to uncover 101 custom ideas aligned with your skills, values & lifestyle—plus a 90-day roadmap to launch with clarity.