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Originally, Dunzo provided delivery services for groceries, essential supplies, and other commodities, competing with the likes of Blinkit and Swiggy Instamart.
The improvised version of a WhatsApp group instantly became a talk among the investor circle and Mukesh Ambani was tempted to invest more than Rs 1600 crore.
Valued over Rs 265243 crore, Flipkart is also reportedly skeptical about the Dunzo deal due to involvement of Mukesh Ambani’s Reliance Retail.
Dunzo got Mukesh Ambani’s attention and he was tempted to invest more than Rs 1600 crore. The mastermind behind the idea of starting a business from a WhatsApp group is Kabeer Biswas.
Dunzo has delayed their employee’s salaries multiple times over the past year. It has posted a loss of Rs 1,800 crore in FY23, a 288 per cent increase from the previous year.