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Dunzo asks rainmaker Reliance for more monies; OneCard, WintWealth apply for NBFC licences

A week after ET reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The quick commerce company is turning to Reliance Retail, its largest investor, for a fresh cash infusion. It is not known if Reliance will oblige. This and more in todays ETtech Morning Dispatch.
Soumyajit Saha Aravind Murthy Kabeer Biswas Praveen Dass C Sumit Anand Srikrishna Swaminathan

factors.ai funding: Factors.ai raises $3.6 million in funding led by Stellaris Venture Partners

The startup — founded by Srikrishna Swaminathan, Aravind Murthy, and Praveen Das in 2020 — aims to use the capital to scale its go-to-market teams, including sales, marketing, and customer success while bolstering its product and engineering divisions.
Srikrishna Swaminathan Aravind Murthy Praveen Das Factors Ai Funding Startup Funding Factors Ai Stellaris Venture Partners

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