Page 19 - Quick Commerce News Today

Dunzo has made part payments to Facebook but still owes about Rs 1.5 crore to the tech giant. Dunzo had availed Facebook’s advertising services but did not pay the entire amount for the same.

Dunzo: Reliance-backed firm to reduce 30-40% costs, CEO meeting investors to raise funds

The salaries will now be paid either late in August or early September, sources in the know of the matter told ET.

Senior employees estimated that at least 20 percent of the company’s workforce — approximately 200 employees — will be affected.

The Reliance-backed company, which is grappling with a cash shortage, sent an email to some employees and informed them that salaries will be delayed till September. 

By diversifying into various categories beyond grocery retail and providing diverse services to retailers, quick commerce app Glovo might have a chance at prosperity.

The CEO of Swiggy’s core business said that while the company remains excited about quick-commerce, there is consolidation underway and there are only three to four significant players in the sector

LuLu shopping made easier with Hungerstation deal

Dunzo has over 1,000 employees in total and the latest decision to defer salaries will impact about 500 of them. The move also indicates that there could be more layoffs in the pipeline.

Several moves, such as penetrating deeper into Tier 2 cities and beyond, first-mover advantage, and a more pan-India focus, have worked in favour of Zomato. When the pandemic brought to a standstill, Swiggy was hurt more than Zomato