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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. ....

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Dunzo eyes USD 20 mn more from Reliance Retail, Retail News, ET Retail

Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment. ....

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